218 Anzac Highway, Plympton SA 5038

Auction Cancelled - UNDERCONTRACT PRIOR!
Open Cancelled 24th April 2016

Perfectly positioned in a prime growth area, midway between the CBD and the Bay on Adelaide's iconic boulevard, you'll find this 1952 character home sitting on a large 765sqm of land. Recently rezoned to 'Boulevard' Policy Area 34 and it is ripe for redevelopment and overflowing with opportunities for the astute investor or developer to subdivide and sell, rent now and redevelop later or profit from the perfect project.

The home boasts period character features and a decorative art deco design and is in good original condition for you to instantly rent out and reap the returns while you land bank for the future. It comprises of a grand formal lounge, large combined kitchen and meals area, two double sized bedrooms, central bathroom and laundry, a spacious sunroom as a second living area, generous two car garaging as well as sensation storage suitable to secure a local tenant and was previously returning approximately $300 per week (subject to an inspection by a Property Manager). There is potential to renovate to reap more rental rewards or redevelop - the choice is yours!

The block is brimming with development potential boasting 16.76m frontage, 45m depth, flat and almost rectangular in dimension and is easement free for the perfect project. Its prime position in the Urban Corridor Zone allows for medium density to high density development so you can buy and build two, four or more dwellings - offering options galore (STCC). There may also be potential for commercial, office or ground floor mix of uses along with your multi level residential development and for further information, please contact the town planner at the City of West Torrens Council or visit westtorrens.sa.gov.au, look up Urban Corridor Zone Boulevard Policy Area 34.

With an array of amenities conveniently close including bus stop at your door step, merely 9 minutes walk to Plympton Primary, Glandore Kindergarden, tram stop, Weigall Oval Reserve and Kurralta Park Kmart and shopping centre, this is the location you've been looking for.

This divine development opportunity is the perfect project full of possibilities, or an enviable investment in a prime location where the options are overflowing to rent, renovate or redevelop as you desire. Be quick to secure this rare offering or call Mike Lao now

Want to find out where your property sits within the market? Have one of our experienced agents come out and provide you with a market update on your home or investment! Call Mike Lao now on 0410 390 250.
http://raywhitesalisbury.com.au/sell/property-appraisal/

Disclaimer: Every care has been taken to verify the correctness of all details used in this advertisement. However no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions.

Council / City of West Torrens
Built / 1952
Land / 765sqm (approx)
Internal / 264sqm (approx)
Approx rental range / $300p.w