16 Fairlie Street, Ottoway SA 5013

A rare and desirable opportunity presents itself with this large Bessa brick workshop. Conveniently located on a corner allotment of approximately 900sqm, with a desirable North-South aspect, the property has been recently rezoned to residential status and presents a rare opportunity for investors and developers to obtain a 'ground floor' opportunity to demolish, subdivide and construct up to 3 brand-new homes (STCC).

Considerable residential construction work in the local area will play testament to the viability of a new residential project, so get creative and do your maths because this opportunity is a rare release venture that will not be on market for long.
Investors with an eye for value and longevity will also be keen on exploring the potential to lease the existing workshops, hence providing an income stream while they plan and execute their new residential development.

The property is allowed to continue operating as a commercial venture as long as the existing structure does not alter. Currently disposed as 2 large workshops of approximately 200m² each, providing the perfect location for a Panel Beater, Mechanic, Construction or Engineering Firm.

Be quick to assess this outstanding offering.

Briefly:
* 2 Large Bessa brick workshops on corner allotment of approximately 900sqm
* Recently rezoned to residential status
* High secure fencing and lock-up gates all round
* Potential to demolish and construct up to 3 brand-new homes (STCC).
* Existing workshops of approximately 200sqm each
* Excellent allotment with desirable North-South aspect
* Great location with considerable residential construction work in the area
* Opportunity to lease as an existing commercial venture
* Ideal workshops for Panel Beater, Mechanic, Construction or Engineering Firm
* Rare opportunity in highly sought after location

* Car Hoist is not included in the sale*

Perfectly located within easy reach of all amenities. Local unzoned primary schools in the area include Pennington Primary, Alberton Primary, Woodville Garden School B-7 & Westport Primary School. The zoned high school is Woodville High.

Quality private education can be found nearby at Our Lady of Mt Carmel Parish School, Mt Carmel College, St Patrick's, St Josephs, Portside Christian School and TAFE SA Regency Park Campus.

Zoning information is obtained from www.education.sa.gov.au Purchasers are responsible for ensuring by independent verification its accuracy, currency or completeness.

There are plenty of reserves in the local area for your recreation and exercise, Eastern Parade Reserve is a short walk away with playground, oval and open space areas. Eastern Parade will provide public transport and great shopping is nearby at Arndale Central including the Greater Union theatre complex, with Bunnings close by on Port Road. Inspection will certainly impress!

Property Details:
Council | Port Adelaide Enfield
Zone | R - Residential\61
Land | 900 sqm(Approx.)
Council Rates | $1,973.15 pa
Water | $170.63 pq
ESL | $972.80 pq

Ray White Norwood are taking preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing will be required at this open inspection.