The team at Commercial Adelaide are pleased to present for sale, this brilliant development opportunity.
Currently utilised as a carpark and residential dwelling, it receives $4000 per month income.
Development land spreading over 3 titles totalling up to approx. 1335sqm land size.
Strategic location in close proximity to the bustling Central Market, cosmopolitan Chinatown, UniSA City West campus, Adelaide High School, and new Royal Adelaide Hospital.
Development Consent obtained from the State Development Assessment Committee to build a 15 Storey Apartment block of 111 apartments, 108 carparks and 1 retail lot.
• Approx. 25m frontage facing the busy Franklin Street, and approx.
• 3 bluestone commercial offices and car parking with holding income potential, options of investment or owner occupier
• Public transport and lifestyle amenities at its doorstep
Property Code: 1316