Huge Development Opportunity - 1,039m2 Combined

Homebuyers, Investors and Developers will all want to take a closer look at these solid brick maisonettes.

Being offered to the market individually, each maisonette presents an opportunity to either update, improve and renovate or demolish and construct up to 3 brand-new homes on the large traditional allotments (STPC).

507 Prospect Road is sited on a generous 556m² allotment with street frontage of 15.9m, while 509 Prospect Road is positioned on a 483m² allotment with street frontage of 14.8m.

Ideally suited within an urban corridor, the opportunity for gentrification and redevelopment will present itself in the future, so explore the possibilities of either purchasing now and renting out or live in and enjoy potential future capital growth.

The existing homes are in fair to reasonable condition and are currently rented to reliable tenants on periodic leases, offering an immediate income for the prospective purchaser, or the potential to renovate and or move in at settlement.

Both homes offer a traditional design of 3 bedrooms, living room and combined kitchen/meals with functional wet areas and ample vehicle accommodation.

507 Prospect Road features a wide double carport, while 509 Prospect Road offers a single carport and double garage/workshop.

Explore the potential of these individual homes now, make an offer on both and get 2 for the price of one or relish in the opportunity of obtaining a single home for half the price of two.

Briefly:
* 2 separate solid brick maisonettes on generous traditional blocks
* Both homes with 3 bedrooms and combined living/dining
* Functional wet areas and ample vehicle accommodation
* Ideally suited within an urban corridor
* Both homes are currently rented to reliable tenants on periodic leases
* 507 Prospect Road on 556m² allotment with street frontage of 15.9m
* 509 Prospect Road on 483m² allotment with street frontage of 14.8m
* 507 Prospect Road features a wide double carport
* 509 Prospect Road offers a single carport and double garage/workshop

Ideally located within easy reach of schools, public transport and desirable amenities. Local unzoned primary schools include Blair Athol North School, Enfield Primary, Prospect North Primary & Northfield Primary. Roma Mitchell Secondary College is the zoned high school and quality private schools in the area include Our Lady of the Sacred Heart College, St Gabriel's School, St Brigid's and St Pauls Lutheran.

Great shopping is available at Coles Blair Athol, Northpark Shopping Centre and the Churchill Centre. Kilburn Oval Futsal Park is just up the road with a playground, football, cricket and tennis plus valuable open space for your recreation and leisure.

A great opportunity awaits…. Best to have a look at this one!

Please note that there are existing dwellings on both allotments, and both are currently tenanted on a periodic lease. See lease details below:

507 Prospect Road
Lease Type: Periodic
Current Rent: $440 per week

509 Prospect Road
Lease Type: Periodic
Current Rent: $300 per week

Plans attached in images have been approved.

For more information, contact Brijesh Mishra on 0430 140 905 or Monique Kingsada on 0402 041 637.

DISCLAIMER: We have in preparing this document using our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.

RLA 326547

Explore the area

School catchments

Blair Athol North B-6 School Primary R-6 Government 0.70km
St Gabriel's School Primary R-6 Catholic 1.1km
St Brigid's School Primary R-6 Catholic 1.5km
St Paul Lutheran School Primary R-6 Independent 1.6km
Enfield Primary School Primary R-6 Government 2.1km
Roma Mitchell Secondary College Secondary 7-12 Government 2.5km
Northfield Primary School Primary R-6 Government 2.6km
Pooraka Primary School Primary R-6 Government 2.6km
Sports College South Australia - Football SA State Performance Centre Secondary 11-12 Independent 2.9km
Our Lady of the Sacred Heart College Secondary 7-12 Catholic 2.9km
Prospect North Primary School Primary R-6 Government 2.9km
Sports College South Australia - The Parks Campus Secondary Independent 3.2km
St Patrick's School Primary R-6 Catholic 3.7km
St Martin's Catholic Primary School Primary R-6 Catholic 3.9km
Nailsworth Primary School Primary R-6 Government 3.9km
Hampstead Primary School Primary R-6 Government 4.0km
Cedar College Combined R-12 Independent 4.0km
Rosary School Primary R-6 Catholic 4.0km
Prospect Primary School Primary R-6 Government 4.0km
Sports College South Australia - North Adelaide Football Club Secondary Independent 4.1km
Heritage College Incorporated Combined R-12 Independent 4.5km
Adelaide Secondary School of English Secondary Government 4.8km
Prescott College Secondary 7-12 Independent 4.8km
Endeavour College Secondary 7-12 Independent 4.9km
Blackfriars Priory School Combined R-12 Catholic 5.1km
Ngutu College Combined R-11 Independent 5.2km
Woodville High School Secondary 7-12 Government 5.4km
Sports College South Australia - St. Clair YMCA Recreation Centre Secondary Independent 5.4km
Australian Islamic College Adelaide Combined R-12 Independent 5.4km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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