Located in one of Adelaide's most sought-after eastern suburbs, 573 Portrush Road, Glenunga presents a rare and versatile opportunity for investors, renovators, or developers alike. Set on a generous allotment of approximately 994m², this property offers enormous potential with multiple avenues for future growth and capitalisation.
The existing character residence features three bedrooms and two bathrooms and is currently leased on a periodic tenancy, returning $1,000 per week in rental income. This provides a solid holding return for investors while offering flexibility for future plans-whether that be occupying the home, renovating, or redeveloping the site (subject to council consents).
This property is ideally suited for those looking to restore and enhance a classic home, invest in a high-demand suburb with reliable income, or explore redevelopment options to unlock the full value of the land. With a wide frontage and deep allotment, the site lends itself to a range of possibilities (STCC).
Key Features:
• Generous land size of approx. 994m²
• Leased on a periodic tenancy at $1,000 per week
• Three-bedroom, two-bathroom character residence
• Wide street frontage with development potential (STCC)
• Prime location in prestigious Glenunga
• Zoned for Glenunga International High School
• Close to Burnside Village, Frewville Foodland & quality schools
• Ideal for investors, renovators or redevelopers
Positioned just moments from top-performing schools including Glenunga International High School, premium shopping at Burnside Village, and an abundance of public transport options, this property delivers both lifestyle and long-term growth. Opportunities of this scale and location in Glenunga are increasingly rare-secure your foothold in one of Adelaide's most tightly held suburbs.
Contact Helen today to secure!
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Refined Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 217949
