A rare opportunity to acquire a strategically located 263m2 property with GR4 zoning, offering an exciting proposition for developers, investors and buyers looking to unlock further value.
The property's central location, directly alongside the Adelphi Centre, places it within easy reach of established amenities and key access routes, making the site particularly appealing from both an investment and redevelopment perspective.
While the future potential is a major drawcard, the property is fully usable in its current form. The existing residence offers three bedrooms, two bathrooms, generous living accommodation, a secure garage, front garden and separate storeroom/laundry area.
For an investor, this creates the opportunity to acquire an existing residential asset while exploring the longer-term potential of the site. For a developer, the GR4 zoning provides scope to investigate a more intensive use of the property, subject to the relevant planning, municipal and heritage approvals.
Additional Opportunity for Developers
For serious developers looking at a larger development footprint, there may also be an opportunity to acquire the neighbouring property, creating the possibility of combining the two sites and exploring a more substantial development scheme.
The property is Grade 3C heritage graded, which should be considered as part of any future development or alteration plans.
Its existing configuration may also lend itself to conventional residential use or short-term accommodation, subject to the relevant approvals and regulations.
Keanu Atkins is a representative of Real Estate Power CC, trading as REAL REALTY
