Attention developers, investors, SMSFs and business owners seeking prime street frontage near the booming Kent Town residential precinct!
This mixed use development opportunity fronts Beulah Road near Fullarton Road and has potential for four tenancies (two residential townhouses and two offices) with plans currently before council.
The block has ownership of the rear lane and a subdivision application to divide the two existing titles (currently on the same certificate of title) is also before council, subject to approval of the building plans.
Norwood Council will shortly commence a $1 million upgrade of Beulah Road to create a Bicycle Boulevard that will encourage more foot-traffic and enhance residential amenity in the area. The planned tram extension onto The Parade will increase Norwood values further.
This is an excellent opportunity to build and sell, hold for long term capital value and rental income, or hold one and sell the other!
Demolition of the existing office building has already been approved.
With speedily rising values in Norwood, you cannot lose by investing close to the CBD. Don't miss out on this incredible opportunity to capitalise on the massive residential boom to take place in Kent Town and Norwood over the next 5 years.
Please call Anthony Vella on 0414814333 for more information.