20 Russell Street, Adelaide SA 5000

SOLD PRIOR TO AUCTION

City Realty is pleased to offer you the rare opportunity to get your hands on a large Torrens Title property right on the doorstep of the Central Markets and vibrant Gouger Street precinct.

Having been held within the one family for decades, it is now time for a new lease on life in the form of a new owner occupier, renovation project, redevelopment project (STCC) or combination of all of the above.

Currently tenanted ($500pw until September 2021), this solid brick home is sound and well loved, with amply living space in the form of separate lounge and dining areas and a full sized original kitchen.

A suburban like backyard greets you as you work your way down the central corridor, removing you momentarily from the occasional Hussle and Bustle of CBD life. Kids and Pets have room to move and outdoor entertaining opportunities exist for those looking to make improvements to the already existing structure.

For those looking to renovate this sits as a brilliant opportunity for a raft of cosmetic upgrades, with a sound floorplan already in place and kitchen, bathroom, paint and carpeting opportunities there to create what would essentially be a new home.

Zoned City Main Street (Subzone: City High Street), significant opportunity exists for a larger new build with a Max Height of 22m or 6 levels being allowed under 'The Code' as per the Plan SA website (refer to The Code for more information).

Key things you'll love about this property:

* Flexible use, be it hold today and renovate/ redevelop tomorrow
* Perfect size for a family or those with plenty of visitors
* Private and secure rear yard for pets, kids and other outdoor activities
* Large traditional sized bedrooms
* Separate lounge room that (also currently used as a fourth bedroom)
* Kitchen with gas cooker and ample cupboard space
* Bathroom with separate bath and shower
* Good size laundry
* Reverse cycle air conditioning
* Carport for two cars
* City Main Street Zone (City High Street Subzone)
* Max Height: 22m; Max Floors: 6; Min Floors: 3.

With the Central Markets and Gouger Street precincts the obvious drawcard, and premium restaurants and cafés such as Mimi and Donburi House only a stones throw away, this opportunity is certainly not one to miss!

CT: 5468/714
Land Size: 264m2
Frontage: 9.15m
Depth: 28.85m
Council Rates: $444 pq (approx.)
SA Water: $181 pq (approx.)
ESL: $250 pa (approx.)


Disclaimer:
This advert contains information and imagery which is believed to be accurate based on City Realty sources and/ or inspections of the property before or at the time of advertising. Prospective buyers or other parties should make their own inquiries about the validity and accuracy of this information and view the property before making any offers. Our privacy policy is available at www.cityrealty.com.au | RLA 262 481