4 properties (1 house & 3 units) on one Title

SOLD - This listing was sold in October 2019
What an opportunity this is ... Dare I say once in a lifetime??

(South of intersection of Dunorlan Road & Calstock Avenue)

Approximately 1463 square metres of prime, residential land with a 24-metre frontage less than 10 km from the CBD. But it gets better.

Featuring 4 properties: 3 units, each separated by their garages at the rear and a run-down, older house at the front. This title also has no easements registered on it.
The units are all in slightly differing degrees of condition with each requiring from what would be deemed as, a slight renovation and spruce up to a more sophisticated renovation but come in and check them out. I personally don't think it would pose a huge problem to bring them up to speed.

These properties are also ALL ON THE ONE TITLE.
Think of the possibilities (S.T.C.C), renovate the units, demolish the house, build one or possibly two townhouses in its place and Community title the lot. Imagine the rent you'll receive or the money you could make with the re-sales?

This is gold plated real estate in an area that's on the up and up. Just look around at what's happening and how close it is to all the infrastructure you could need. The train line around the corner and down the street, bus stop just up the road and with the new South Road upgrade in the near future think of how that will impact travel times north and south. All the amenities Castle Plaza Shopping Centre has to offer are nearby, not to mention a myriad of smaller shopping centres, convenience stores and cafes nearby. Even the train is not too far away, and it would be so simple to drive to the nearest stop, jump on and make your way into the City and beyond.

The site is currently owned by the South Australian Housing Trust, and we have very clear instructions to sell at Auction. And anyone who has purchased a property from the Housing Trust will know that they always set very, realistic reserve prices all deigned to ensure the property sells and this one is no different. In other words, "It's going to sell."

All the buildings are empty so it's ready to go.
The auction will be conducted on Thursday 5th September at 12 noon.

If you require variations to the standard deposit and settlement dates, please let me know as I believe there is some flexibility, within reason but I will need enough time to obtain formal approvals.

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Main Property Features

Listing Number: SMV8474

Land Size:
1463 sqm
Property Type:
House, Block of units
Roof:
Tile
Garaging / carparking:
Single lock-up, Open carport
Aspect:
East
Fencing:
Fully fenced
Land contour:
Flat
Grounds:
Tidy
Water supply:
Mains
Sewerage:
Mains
Locality:
Close to schools, Close to shops, Close to transport
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Harcourts Morphett Vale RLA 1556

330 Main South Road
Morphett Vale
Adelaide
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