7 Fletcher Rd & 9 Hampden Rd, Mount Barker SA 5251

Near level development site, situated within a residential zone designed for low / medium density dwellings, a conveniently short distance from Mount Barker's CBD.

- Current and established commercial use
- 3,202 sq.m near level site
- Zoned 'Urban Renewal' Policy Area 13
- Two road frontages at opposite ends of the site
- Portion commercially leased at net rent of $43,803.90 pa

There are various options to phase development as a result of the two road frontages, at opposite ends. This also assists with maximising the density of any future development scheme.

With an established history of commercial use, a portion of the property is currently providing a useful rental income from a respectable commercial office tenant. The liability of holding costs may therefore be substantially reduced, if not removed all together, during the period a purchaser may require for securing development approvals.

Improvements include
- Three buildings - two subject to the lease and fitted out as presentable office space, one vacant with potential to lease for further commercial rental income
- Bitumen-sealed surface to the majority of the site
- Fenced and gated boundaries, plus gated cross division / compound areas

The property is on a single Torrens title.