APARTMENT BLOCK POTENTIAL!

Description

TOTAL LAND 2000 sqm approx - TWO TITLES!!!!
Rare redevelopment potential in one of Adelaide’s premier suburbs. At a short stroll from the ever popular ‘The Parade’, Norwood. Only once in a lifetime does one have the opportunity to acquire such an amazing land holding. There are countless redevelopment opportunities (subject to consent and approvals), such as the conversion of the existing building to a spectacular apartment complex (up to nine storeys) with potential for a restaurant/café. Plus there is an opportunity for further redevelopment of a land holding of 1500sqm approx with a potential ‘townhome’- or ‘warehouse’-style development for up to 12 dwellings. Take advantage of the fantastic panoramic views of the coast, city and hills!
Current holding income $130 k pa approx.

Sale by expressions of interest. Price guide $2.75M plus!

EXPRESSION OF INTEREST CLOSING FRIDAY 2 MARCH AT 5PM

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RLA 164425