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294 + Lot 1902, St Clair Avenue, St Clair, SA, 5011

2. Property Highlights

Exclusive Boutique Development Opportunity with Multiple Options – Leafy Lifestyle Location – On 2 Titles - (Can be sold separately)

Under Instructions from AVJennings

 

A unique opportunity presents with the former St Clair Sales Centre and associated car park both prominently positioned in the buzzing locale of St Clair by AVJennings and can be sold together or separately.

Dual street frontage with two (2) separate titles the property comprises the ex-Sales Centre on a 270 sqm* block and sealed car park a regular shaped 849sqm* site primed for redevelopment. Existing improvements at 294 St Clair Avenue include a two-story structure which has been well maintained and currently utilized for administration purposes.

Potential exists to retain 294 St Clair Avenue on its own separate allotment and renovate this suitable for residential living (STCC).

The bitumized adjoining allotment (Lot 1902) would be best suited for five terraces which are rear loaded to Cardinal Street. Lot 1902 is available with vacant possession while the ex-Sales Centre contains a six-month lease, offering valuable holding income. Alternatively, the Vendor can sell both sites under one contract with an extended settlement (allowing enough time to relocate and give vacant possession).

Location is the key – conveniently located within the bustling community of St Clair, these two sites are just a short stroll to St Clair Village and the train station. This is a friendly, well-established community, with everything at its fingertips.

The key features of these sites include:

- 1,119sqm* land holding over 2 separate titles

- 294 St Clair Avenue (off Cheltenham Parade): 184sqm* building and 270sqm* of land

- Lot 1902 St Clair Avenue (off Cheltenham Parade): vacant allotment of 849sqm*

- Lot 1902 has a frontage of 31.43m* to St Clair Avenue and to Cardinal Street at the rear

- Valuable short-term holding income

- Zone – Urban Renewal Neighbourhood (URN)

- Lot 1902 could be subdivided into five allotments for terrace dwellings (STCC). Concept plan and fee estimate for Torrens Title Land Division available.

- Alternatively, you could also look to construct 5-6 apartments or similar if that is preferred (STCC).

- 294 St Clair Avenue option exists to retain the two-story structure and convert the existing layout into a stylish townhouse dwelling with four bedrooms, two bathrooms, two living areas and double garage (STCC). Concept plan available.

- Short walk to the St Clair Village Shopping Centre and public transport

- Only 8kms from the Adelaide CBD and 5km from the beach
 

A fantastic opportunity for boutique developers/builders/home renovators and savvy investors alike to secure a quality land holding in the national award-winning community, St Clair.

For Sale via Expression of Interest Closing Tues 26th March 2024 at 3.00pm. (Can be sold separately).

For more information or to arrange an inspection, please contact Ron Harding on 0402 129 890.

*Approximately

Disclaimer – Every precaution has been taken to establish the accuracy of the material herein. Prospective purchasers should not confine themselves to the contents but make their own enquiries to satisfy themselves in all respects. Harding Real Estate will not accept any responsibility should any details prove to be incomplete or incorrect. RLA242089

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3. Property Location

294 + Lot 1902, St Clair Avenue, St Clair, SA, 5011

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4. Due Diligence

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294 + Lot 1902, St Clair Avenue, St Clair, SA, 5011 St Clair
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