Unique Investment Opportunity With Development Approvals
304,306-308 Main South Road, Morphett Vale SA 5162
Last Asking Price - $1,000,000-$1,100,000
Commercial LandSize: n/a
Block size: 2588 m² approx.
This is an incredible chance for those looking for an astute investment opportunity or an ideal future development site.
Positioned on approximately 2588sqm across three separate titles. Currently tenanted and utilised as a school on a 3 + 1 + 1 year lease returning $52,121.76 per annum paid monthly.
Council approved development plans and designs are in place for 10 two storey townhouses. (Approvals available upon request)
This substantial land holding offers multiple options for future financial returns and it represents great value with a healthy holding income and would suit either developers, builders or investors.
Call Troy Tyndall on 0401 661 997 for further information about this exciting opportunity.
Council- Onkaparinga Zoned- R-residential Land Size- 2588m2 approx.
** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice. RLA 61345 RLA 282965 RLA 231015
No open inspections scheduled.
Send an enquiry
Contact Troy Tyndall to learn more about this property, request an inspection or take an online tour.
Property Type:Commercial Land
Block Size:2588 m²*
*These are approximate values based on available information.
Sorry, overlays are not available for this address
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.