Rare earth with development potential! (Subject to Planning Consents)

Auction Location: On site<br/><br/>Auction Friday 21st October at 12pm<br/><br/>UNDER INSTRUCTIONS FROM THE PUBLIC TRUSTEE<br/><br/>Ideally positioned in the heart of Payneham, this generous allotment of 780 sqm approximately commands attention and oozes exciting potential. This Austerity style home consists of five main rooms and is in fairly original condition. <br/><br/>Built circa 1950's, this solid brick home would respond well to a full renovation and or an extension. As the floor plan suggests, the sleepout could also be a third bedroom. There is certainly room out the back for large shedding and even a pool (Subject to Planning Consents). It also has valuable access through the garage to the rear yard.<br/><br/>Alternatively if renovating is not your cup of tea, the other option is to knock down and start again. Currently zoned general neighborhood we believe there is also a possibility for a subdivision into two allotments (Subject to Planning Consents).<br/><br/>Situated in a quiet street and only a short distance to Schools, shopping and public transport, this one is definitely worth a look. What a great investment opportunity.<br/><br/>CT / 5714/968<br/>Title/ Torrens Title<br/>Equivalent Building Area / 150sqm<br/>Land Size / 782sqm approx<br/>Frontage / 18.29m<br/>Year Built / 1950's<br/>Council / City of Norwood, Payneham and St Peters<br/>Council Rates / $1,964.11 p.a.<br/>Water & Sewer / $232.75 p.q.<br/>ESL / $204.05 p.a.<br/>Zoning / General neighborhood<br/>Rent appraisal / $340 - $360 per week<br/><br/>The Vendor's Statement (Form 1) will be available for perusal by members of the public:-<br/>(A) at the office of the agent for at least 3 consecutive business days immediately preceding the auction; and <br/>(B) at the place at which the auction is to be conducted for at least 30 minutes immediately before the auction commences.<br/><br/>Speak to TURNER Property Management about managing this property<br/>#expectmore