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Inspections
$1,100,000 - $1,290,000
A Rare Dual-Income Investment with Outstanding Development Potential
Presenting an unmissable opportunity to secure a substantial landholding of approximately 1,306m² in the increasingly popular suburb of Elizabeth North.
* Substantial combined landholding of approximately 1,306m²
* Impressive frontage of approximately 32 metres
* Two existing dwellings on one outstanding site
* Both homes currently tenanted at $440 per week
* Combined rental return of $880 per week
* Approximately $45,760 in gross annual rental income
* Immediate cash flow with future development flexibility
* Potential for subdivision or multi-dwelling redevelopment (STCC)
* Ideal opportunity for developers, investors and land-bank buyers
* Positioned within an area experiencing significant residential renewal
* Close to Elizabeth North Railway Station and public transport
* Convenient access to schools, shopping centres and everyday amenities
* Easy connectivity to Elizabeth City Centre and surrounding northern suburbs
Featuring two existing dwellings, each currently returning $440 per week, the property generates an impressive combined rental income of $880 per week - providing immediate cash flow while you explore its longer-term potential.
With an expansive frontage of approximately 32 metres, this property presents exciting possibilities for subdivision, redevelopment or the construction of multiple new homes (STCC). The surrounding area continues to experience residential renewal, with numerous new homes and developments contributing to its ongoing transformation.
Whether you are an investor seeking a strong dual-income asset, a developer looking for your next project, or a strategic buyer wanting to land-bank for the future, this is an opportunity worthy of serious consideration.
Secure the income today and unlock the potential tomorrow. Large sites with dual rental returns, generous frontage and development possibilities are increasingly difficult to find.
Contact
* Danny Nguyen - 0405 813 340
* Vincent Law - 0433 221 994
All information provided has been prepared to the best of the agent's and vendor's knowledge and is believed to be accurate at the time of publication. However, no warranty or representation is made regarding its accuracy. All development and subdivision opportunities are subject to Planning Consent (STCC). Interested parties should undertake their own independent enquiries regarding zoning, measurements, rental income, services and development potential.
4/215-217 Unley Road, Malvern SA 5061
Call Danny Nguyen on
0405813340
Call Vincent Law on
0433221994
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