Fantastic 1574 square meters of development opportunities!
The Property Experts are pleased to present this unique and very rare opportunity to acquire two separate Torrens titled properties providing you a sub dividable allotment size (subject to necessary consents) of approximately 1574sqm located at 3 & 5 Hendrie Street for sale by Expressions of Interest (EOI) closing 3rd of May unless sold prior.
Key property features are below:
• Zone Residential Policy Area 13 of the Marion Council
• Wide 33.12 meters frontage with 44.7 meters in depth
• Strong potential for multiple developments (STCA)
• Excellent public transport amenities moments from both Morphett Road Tram Station and Ascot Park Train Stations as well as multiple nearby bus routes to the city and the beach.
3 Hendrie Street is currently tenanted until January 30th 2020 to an excellent long term tenant for $385 per week whilst the owners of 5 Hendrie Street are looking for a rent back option for at least 6 months providing an opportunity to secure the two properties with short term income while preparing plans and development approvals.
Please note both owners have requested to market these properties without a price, a list of recent sales for the area can be provided upon request.
I recommend all buyers to do all necessary due diligence & calculations. All offers will be submitted to the owners for consideration.