Not for the faint-hearted, but an exciting commercial or residential proposition for those in the know. Saddling up against the elite eastern suburbs of St. Peters, College Park and Norwood on some 847sqm of land, with easy access from Nelson Street, Payneham and Magill Roads, lots of sweat and oodles of inspiration will certainly bring the shine back to this Stepney C.1920's character bungalow.
From a good going over, you'll catch glimpses of its former glory - lead light windows, decorative ceilings, character fireplaces and timber boards, but you'll need a little more than a magic wand to transform this treasure.
In which case, the sprawling landholding (a rare find in these parts) gives rise to knock-over-start-over consideration, subdivision potential for more commercial or light industrial enterprises, or perhaps a combined office below/residence above scenario (subject to the usual council consents.)
What you do with the existing property and it's fading outbuildings is completely up to you, but in its current arrangement you'll discover a two-storey home comprising five bedrooms, living room, dining room, rear kitchen/meals and bathroom with an exterior laundry and toilet.
Upstairs, you'll find storage cavities and two of the five bedrooms. Beyond the residence (and in a state of some disrepair) is a pool, a series of joined sheds and a workshop/garage with a pit.
The upshot is the prized location with a world of convenience and lifestyle at your feet. The Avenues Shopping Centre, CIBO, The Parade or Walkerville Village to curb your espresso thirst and gourmet grocery hauls on the run.
Add a short and direct trajectory to the city, with prominent private schools along the way and zoning to East Adelaide Primary School justifying your desires to conjure something special here.
Come, conquer and craft your brand of brilliance in this near-city vicinity...commercial, residential or otherwise.
What's holding you back?
What we love about this property:
- Renovation potential on 847sqm (approx.) subject to council consent
- Desirable eastern suburb location
- Easy access to Nelson Street, Payneham & Magill Roads
- Proximity to private schools such as St. Peters & Prince Alfred Colleges, - Wilderness Girls School
- Close to cosmopolitan shopping strips
- Zoned Light Industrial
- Just minutes to the city
Specifications:
CT / 5776/123
Council / Norwood, Payneham & St Peters
Council rates / $1502pa
Zoning / LIN
Built / 1926
Land / 847m2
Frontage / 15.24m
ES Levy / $288.60pa
SA Water / $220.80pq
The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. Should this property be scheduled for auction the vendor's statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
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