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116 Rose Terrace, Wayville, SA 5034
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Property Highlights

STRATEGIC CITY FRINGE DEVELOPMENT SITE WITH INCOME
  • Urban Corridor Zoning
  • Development up to 7 levels (STCC)
  • Walking distance to Adelaide CBD

Comprising some 868sqm* of land, the site is together with favourable Urban Corridor zoning with planning potential up to 7 levels (subject to Council consent).

Boasting a prime city fringe address, similar opportunities for development are limited. The site is currently offered with a development approval for six (6) high end townhouses of 2 and 3 storeys.

Offering a high-quality, rare opportunity to invest in a mixed-use development site. Currently being utilised as a carpark with a licensing agreement through PriPark – providing holding income until commencement of redevelopment.

Whilst full development approvals are in place for a prominent six house site over two and three levels, flexible options with the Urban Corridor zone provides complete flexibility in zoning to suit a range of intentions – with scope for commercial, residential, apartments, retail use or medical (STCC).

Key Features:

• 868sqm* allotment with 16.76m* frontage

• Urban Corridor zoning, Boulevard, City of Unley

• Immediate proximity to Adelaide Showgrounds – with car park profit share arrangement returning significant holding income throughout peak showground events.

• Build- ready with plans and permits for 6 townhouses

• Going concern with holding income plus duty and GST concessions

• Sealed and line marked for up to 38 car parks

• DA approval already in place - contact agents for plans and approvals

• Potential development up to 7 stories (STCC)

• Highly desirable location on the cusp of the CBD, Greenhill & Goodwood Roads

• 350m* to both tram & bus stops

116 Rose Terrace Wayville is offered for Sale by Expressions of Interest closing Thursday 11th August 2022 at 4pm.

For more information, please contact the exclusive marketing agents Cushman & Wakefield and Noakes Nickolas.

SAM ALEXANDER

+61 457 888 213

[email protected]

RLA 315 726

ZAC WATTS

+61 448 217 726

[email protected]

RLA 315 571

* approximately

Remember to mention you found this property on DevelopmentReady

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