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Overview
prime west richmond locatio...
Located in the highly sought-after suburb of West Richmond, this property presents a unique opportunity to acquire a substantial land parcel of approximately 697 square metres with a generous frontage of 18.5 metres. This allotment offers remarkable versatility, appealing to homeowners, investors, and developers alike.
The property is currently leased, generating a steady rental income of $600 per week, providing immediate financial return while allowing time to consider future plans. Whether your vision involves renovating the existing residence, rebuilding, subdividing the land, or holding it as a long-term investment, the potential is extensive, subject to council approval.
West Richmond's prime location between the Adelaide Central Business District and the coastline enhances the property's appeal. This city-fringe suburb is renowned for its convenience and promising growth prospects, making it a favored choice for a diverse range of buyers.
Residents enjoy close proximity to key amenities including the Adelaide CBD, Adelaide Airport, Glenelg Beach, Harbour Town Shopping Centre, and the vibrant Henley Beach Road café and dining precinct. Public transport options are readily available, and the area is well-served by quality schools, parks, shopping centres, and everyday conveniences.
The strong demand from tenants, families, and developers underscores the location's immediate lifestyle benefits and excellent future potential. The existing home offers comfortable living accommodation with strong rental appeal, making it an attractive investment opportunity for those seeking reliable income alongside a premium land holding.
Key features of this property include:
- Approximately 697 square metres of land
- Wide frontage of 18.5 metres
- Currently leased at $600 per week
- Outstanding development potential, subject to council consent
- Strong investment and landbank opportunity
- Premium location between city and coast
- Minutes from the CBD, airport, beaches, shopping, and transport
All information has been sourced from reliable channels; however, prospective buyers are advised to conduct their own investigations and seek independent legal advice. Details such as land size, floor plans, building age, and condition are provided as a guide and cannot be guaranteed.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
West Richmond SA 5034
Market Insights for West Richmond SA 5034
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* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
