This 1600 SqM block is located in the hub’ of Flagstaff Hill, just a short walk to the Primary School, local shops, professional amenities, public transport and the Flagstaff Hill Golf Club. There are no easements or encumbrances on this allotment and it has a 28 Metre frontage.
There has been a survey report done showing that potentially 4 to 6 allotments could be created (survey report available) in accordance with Onkaparinga Council regulations.
The property accommodates a spacious, solid brick 3-4 bedroom, 2 bathroom home with garaging, outdoor entertaining and solar power; so there is a good opportunity to rent it out whilst subdivision applications are being lodged and processed and development is in progress. Rental returns should achieve $400 $440 per week, subject to market forces that may have a positive or negative influence dependent on the market of the day.
Please contact us if you are interested in an opportunity to create some new’ amongst the old’ in a much sought after suburb.