91-93 Days Road
Croydon Park, SA 5008

Overview

2 Corner Allotments with a Huge Total Land Mass of 1440sqm Approx. a Huge Development Opportunity (S

This unique property presents an exceptional opportunity for developers, land bankers, investors, and builders. It comprises two corner allotments with a combined land mass of approximately 1440 square meters, offering significant potential for redevelopment and subdivision, subject to council consent (STCC).

The property currently hosts five tenancies across the two allotments, all of which are in need of improvements. The tenancies are ideally leased on a periodic basis, facilitating easier access to the dwellings for potential renovations or redevelopment.

Key features include a solid brick 2-bedroom home located at 91 Days Road, complemented by two large 2-bedroom upstairs units and a 1-bedroom unit downstairs at 93 Days Road. Additionally, there is a 100 square meter commercial tenancy, currently occupied by a popular Indian restaurant, along with valuable carport and garage facilities.

The two allotments offer a street frontage width of over 30 meters to Days Road and a depth of approximately 45.72 meters to Grey Street. The property consists of four residential tenancies and one commercial tenancy, providing a diverse rental portfolio.

The 91 Days Road corner allotment features a 2-bedroom solid brick house with significant shedding, while 93 Days Road includes the two 2-bedroom upstairs units, the 1-bedroom downstairs unit, and the commercial tenancy. There is potential to subdivide multiple allotments at the rear while retaining the existing residences, subject to council approval.

This property represents a sensational opportunity to redevelop, renew, and reinvest in a dynamic location close to the city. It is well suited for those looking to create an instant multiple rental portfolio or to subdivide and build new homes or sell land parcels. The rare double corner aspect enhances the potential for multiple allotments.

The property offers substantial improvement potential, making it ideal for investors willing to upgrade the units and commercial space to achieve maximum rental returns. All tenancies are currently periodic, providing flexibility for future plans.

A rental estimate letter is available upon request. This listing is presented by a reputable agency known for quality property management services.

Disclaimer: The information provided is believed to be accurate based on available resources and inspections at the time of advertising. Prospective purchasers should conduct their own enquiries and seek independent financial and legal advice. The Vendor's Statement is available for inspection at the agency office for at least three consecutive business days prior to the auction and at the property for 30 minutes before the auction commences.

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