Located in one of Semaphore’s widest and most prestigious residential streets and 7 homes from the beach, this generous allotment presents one of the best building opportunities seen in the area for many years. With dimensions of 21.95m to the street, a depth of 44.35m and positioned amongst large period homes of a very high value and standard, there is every reason to investigate how you might best utilise such a fine property.
The Zone is RC72 – RESIDENTIAL CHARACTER, which encourages development of multiple dwellings (min. 250sqm per dwelling) that complement the fine existing properties. Alternatively there would be every reason to keep the existing land holding and construct a magnificent single dwelling consummate with the qualities of the location.
The land is currently occupied by an early 1900 timber frame, brick clad, four bedroom home which because it is internally in fair condition could provide an income base while you are in the planning stage but ultimately is in a state such that it is highly unlikely to ever be restored. The land is simply too valuable and too rare.