Seize this rare opportunity to secure a substantial corner allotment of approximately 980sqm, boasting an impressive 25.91 metre frontage. Perfectly positioned between Adelaide's pristine beaches and the tranquil riverfront, this property offers immense potential for investors and developers alike.
Currently, the site hosts two solid brick maisonettes - one offering two spacious bedrooms, and the other comprising three well-appointed bedrooms. Each residence features timber floorboards, functional kitchens and bathrooms, and separate entrances, ensuring privacy and comfort for occupants.
Both residences are tenanted under periodic lease agreements, providing immediate rental income while offering flexibility for future development plans.
The property's strategic location places it at the heart of significant regional growth. Just minutes away, the historic Fort Largs site is undergoing a transformative redevelopment into a vibrant coastal community, featuring over 200 new homes and a $10 million heritage restoration project . Additionally, the nearby Osborne Naval Shipyard is experiencing a major $500 million expansion, solidifying its status as Australia's premier naval industry hub and contributing to the area's economic vitality .
Zoned appropriately, this site presents a remarkable opportunity for investors or developers seeking to capitalize on the area's growth. Whether you're looking to generate dual rental income, undertake a renovation project, or explore redevelopment options (subject to council approval), this property offers immense potential.
Conveniently situated close to local schools, shopping centers, cafes, and public transport, it ensures a lifestyle of ease and connectivity.
Don't miss out on securing this versatile property in a sought-after location.
Note: All development opportunities are subject to council approval. Interested parties should conduct their own due diligence.
Note: Interior images shown are of 38 Yongala Street, Taperoo.
38 Yongala Street, Taperoo currently tenanted at $400 per week
40 Yongala Street, Taperoo currently tenanted at $400 per week
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
Property Details:
Council | PORT ADELAIDE ENFIELD
Zone | GN - General Neighbourhood
Land | 980sqm (Approx.)
House - 38 Yongala Street | 72sqm (Approx.)
House - 40 Yongala Street | 86sqm (Approx.)
Built | 1964
Council Rates | $2138.00 pa (Approx.)
Water | $390.46 pq (supply approx.)
ESL | $181.30 pa (Approx.)
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