You will not see an opportunity like this in Paradise again!
This extremely rare property, 10 kms from the Adelaide CBD, boasts a wide 18 m (approx.) frontage on a large 770 sqm (approx.) allotment in one of Paradise’s most popular streets. All the hard work has been done for you with Granted Council Development Plan consent, Land Division Consent and Building Rules Consent for 4 x two storey dwellings (Lot 1 & Lot 2 comprising 3 bedrooms, 2.5 bathrooms, individual balcony and double garage and Lot 3 &Lot 4 comprising 2 bedrooms, 2.5 bathrooms, individual balcony and double garage).
These plans have been architecturally designed in to 4 community title two storey townhouses, street frontage homes (Lot 1 & Lot 2 located in the front and Lot 3 & Lot 4 located in the back). With an ideal north east facing position, this is a “ready to go” project site for the astute builder or developer.
Planning approval allows for maximum development potential which is no longer available due to recent changes to Council planning guidelines in the highly desirable Paradise area.
The approved plans have been cleverly designed using the property’s one Title, providing potential for a full development opportunity.
For the smart investor, this is an attractive venture offering huge potential to explore a range of development options and comes complete with two tenantable homes allowing income generation while deciding on your builder.
The property at 62 Darley Rd, Paradise offers an exceptional development opportunity not to be missed!
Full plans can be provided upon request.
What you will love about this property:
• Never to be repeated Planning Consent for 4 x two storey community title townhouses (Lot 1 & Lot 2 with street frontage, Lot 3 & Lot 4 in the back) close to Adelaide CBD
• Huge area of approx. 770 sqm prime land with an existing solid double brick 6 bedrooms, 2 bathrooms house
• the existing house currently tenanted offering instant rental income $450 per week
• the existing house comprising 6 bedrooms home situated close to O-Bahn bus station, paradise interchange, and Gilles Plains shopping center.
6 Bedrooms for more residents – one big shed – 5-kilowatt solar panel – newly renovated kitchen and bathroom – 3 car carport and rear shed
• Each townhouse block designed to offer easy maintenance backyard entertaining and living spaces
• Close to Gilles Plains shopping centre
• Minutes from the Glynde Shopping Precinct
• Close to Leisure Centre
• Close to Linear Park recreation and O’Bahn transport
The suburb of Paradise is well-named, being a very popular lifestyle and recreation location, only about 10 kms from the Adelaide CBD. An easy walk to the Paradise Interchange will have you in the city super quickly, and how nice to stroll over to the relaxing Campbelltown Oval green space after work! The bustling Newton Shopping Centre is nearby, and also the cafes and restaurants along Lower North East Road. School zoned for Avenues College & Charles Campbell College, and close by to the nature walks at Thornbury Park Reserve and Morialta Conservation Park.
Interest rates are the lowest they’ve been in 50+ years, so now is a great time to buy! This rare opportunity won’t last long.
Get in quick and secure this property before it’s too late!
*Disclaimer: Neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement.
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor.
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|R&H Suburb Summary||Houses|
|Number of sales||128|
|Median Rental Price||$440 p.w.|
|Change in Rental Rate (5yr)||26 %|
|R&H Suburb Summary||Units|
|Number of sales||41|
|Median Rental Price||$335 p.w.|
|Change in Rental Rate (5yr)||24 %|