Development Opportunity: 980sqm (approx) Of Prime Land With Dual Maisonettes

Seize this rare opportunity to secure a substantial corner allotment of approximately 980sqm, boasting an impressive 25.91 metre frontage. Perfectly positioned between Adelaide's pristine beaches and the tranquil riverfront, this property offers immense potential for investors and developers alike.

Currently, the site hosts two solid brick maisonettes - one offering two spacious bedrooms, and the other comprising three well-appointed bedrooms. Each residence features timber floorboards, functional kitchens and bathrooms, and separate entrances, ensuring privacy and comfort for occupants.

Both residences are tenanted under periodic lease agreements, providing immediate rental income while offering flexibility for future development plans.

The property's strategic location places it at the heart of significant regional growth. Just minutes away, the historic Fort Largs site is undergoing a transformative redevelopment into a vibrant coastal community, featuring over 200 new homes and a $10 million heritage restoration project . Additionally, the nearby Osborne Naval Shipyard is experiencing a major $500 million expansion, solidifying its status as Australia's premier naval industry hub and contributing to the area's economic vitality .

Zoned appropriately, this site presents a remarkable opportunity for investors or developers seeking to capitalize on the area's growth. Whether you're looking to generate dual rental income, undertake a renovation project, or explore redevelopment options (subject to council approval), this property offers immense potential.

Conveniently situated close to local schools, shopping centers, cafes, and public transport, it ensures a lifestyle of ease and connectivity.

Don't miss out on securing this versatile property in a sought-after location.

Note: All development opportunities are subject to council approval. Interested parties should conduct their own due diligence.

Note: Interior images shown are of 38 Yongala Street, Taperoo.

38 Yongala Street, Taperoo currently tenanted at $400 per week
40 Yongala Street, Taperoo currently tenanted at $400 per week

Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.

Property Details:

Council | PORT ADELAIDE ENFIELD
Zone | GN - General Neighbourhood
Land | 980sqm (Approx.)
House - 38 Yongala Street | 72sqm (Approx.)
House - 40 Yongala Street | 86sqm (Approx.)
Built | 1964
Council Rates | $2138.00 pa (Approx.)
Water | $390.46 pq (supply approx.)
ESL | $181.30 pa (Approx.)

Explore the area

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School catchments

Our Lady of the Visitation School Primary R-6 Catholic 0.32km
Ocean View P-12 College Combined R-12 Government 0.50km
North Haven School Primary R-6 Government 1.9km
Largs Bay School Primary R-6 Government 2.1km
Le Fevre Peninsula Primary School Primary R-6 Government 3.8km
Dominican School Primary R-6 Catholic 3.9km
Indie School Port Adelaide Campus Secondary Independent 4.4km
Le Fevre High School Secondary 7-12 Government 4.7km
Portside Christian College Combined R-12 Independent 5.0km
St Joseph's School Primary R-6 Catholic 5.5km
Westport Primary School Primary R-6 Government 5.5km
Mount Carmel College Secondary Campus Secondary R-12 Catholic 5.8km
Mount Carmel College Primary Campus Primary Catholic 6.1km
Pennington School R-6 Primary R-6 Government 6.2km
Alberton Primary School Primary R-6 Government 6.3km
West Lakes Shore School Primary R-6 Government 6.6km
St Patrick's School Primary R-6 Catholic 6.9km
Ngutu College Combined R-11 Independent 7.4km
Sports College South Australia - The Parks Campus Secondary Independent 7.6km
Woodville High School Secondary 7-12 Government 8.1km
Sports College South Australia - St. Clair YMCA Recreation Centre Secondary Independent 8.2km
Seaton High School Secondary 7-12 Government 8.8km
Garden College Combined R-12 Independent 10.0km
Findon High School Secondary 7-12 Government 10.4km
Findon High School - Findon Technical College Secondary Government 10.4km
Temple Christian College - Bethany Campus Secondary Independent 10.6km
Adelaide Secondary School of English Secondary Government 10.6km

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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