10 Welloch Street, Modbury SA 5092

Auction Location: 10 Welloch Street, Modbury.

CONTRACTED AT AUCTION

You simply can't beat this one for development potential - almost 800 sqm of prime land directly facing the famous River Torrens Linear Park, and with triple street frontages.

Approval has already been granted for sub-division into two blocks. A new owner could consider exploring further options for even more extensive development.

It's the kind of allotment you'll rarely get the opportunity to acquire. Not just a brilliantly versatile block, but also a superb location in a rising suburb. Surrounded by quality homes in a peaceful neighbourhood, the property is only minutes away from the shopping hub of Tea Tree Plaza and the O-Bahn interchange, and a mere 15km from the CBD.

The property currently has a 1974 house with tenants paying rent of $365 per week, giving you an income stream during the time spent on plans and approvals. So, let this be your next project - delivering ample rewards for your foresight, good judgement, and creativity.

Vol / 5986 Fol 881
Year built / 1974
Council / City of Tea Tree Gully
Council Rates / $1517.52 p.a.
ES Levy / $116.45 p.a.
SA Water / $143.43 p.q.
Rental Appraisal / $365 p.w.


The Vendor's Statement (Form 1) will be available for perusal by members of the public:-
(A) at the office of the agent for at least 3 consecutive business days immediately preceding the auction; and
(B) at the place at which the auction is to be conducted for at least 30 minutes immediately before the auction commences.

Speak to TURNER Property Management about managing this property

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