253 Churchill Road, Prospect, SA 5082

Ponder the possibilities for profit with this outstanding opportunity to buy, build and secure your future. Set on a 660sqm corner block within the rapidly rising suburb of Prospect on an arterial road merely 10 minutes out of the Adelaide CBD this is a development chance not to be missed.

With planning approval already in place for 16x two bedroom apartments, you can build and capitalise on the high rental demand in the area with other 2 bedroom 1 bathroom units in the area currently being leased out for approximately $300 per week. Alternatively if you would like to develop and sell there are multiple other 2 bedroom units on Churchill road selling within the past six months for between $345,000 and $350,000. This project makes dollars and sense.

If the idea of a 4-storey development project is a little overwhelming then perhaps through the utilisation of the 43m frontage on Redin Street you can explore the possibilities of building high density townhouses (STCC) which can also deliver great returns for the astute investor.

Being located within the ?Urban Corridor Zone ? Boulevard Policy Area? this property is primed for high density development in a truly phenomenal location. Find yourself just moments away from Churchill Shopping Centre, bus stops, train stops, Prospect Oval, Prospect Primary School, Churchill Medical Centre and more for the ultimate living destination.

Call Andrew Farnworth Now to Discuss!

Council /City of Prospect
Built / 1951
Land / 660sqm (approx)


Want to find out where your property sits within the market? Have one of our multi-award winning agents come out and provide you with a market update on your home or investment! Andrew Farnworth now on 0433 963 977.
http://raywhitesalisbury.com.au/sell/property-appraisal/

Specialists in: Andrews Farm, Angle Vale, Blakeview, Burton, Craigmore, Davoren Park, Elizabeth, Gawler, Golden Grove, Greenwith, Gulfview Heights, Hillbank, Ingle Farm, KilburnMawson Lakes, Modbury Heights, Munno Para West, One Tree Hill, Parafield Gardens, Para Hills, Para Hills West, Paralowie, Pooraka, Prospect, Salisbury, Salisbury East, Salisbury North, Salisbury Plain, Salisbury Park, Salisbury Heights, Smithfield, Walkley Heights, Wynn Vale.

Ray White Salisbury, Number One Real Estate Agents, Sale Agents and Property Managers in South Australia.

Disclaimer: Every care has been taken to verify the correctness of all details used in this advertisement. However no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions.