507-509 Prospect Road
Blair Athol, SA 5084

Overview

Exceptional scale & potential plus in a prime location

This property represents a rare and remarkable opportunity to acquire a substantial landholding in the heart of Blair Athol. Comprising two separate titles with a combined frontage of approximately 30.7 metres, the total land area spans around 1,039 square metres, offering exceptional versatility for a variety of development or investment purposes.

The site presents significant development potential, with the possibility to redevelop into up to nine modern townhouses, subject to council approval. The prominent Prospect Road location also lends itself to commercial or mixed-use developments, providing exciting opportunities for investors or developers seeking to capitalize on the area's growth and demand.

Currently, the existing dwellings on each title provide a practical option for immediate rental income. These solid structures can be renovated to enhance their yield, allowing investors to benefit from steady returns while holding the property for future development. The large rear yards and established footprints offer a strong foundation for long-term investment as the surrounding area continues to evolve.

The location offers excellent lifestyle benefits, situated just minutes from the vibrant Prospect Road precinct, known for its boutique cafes and acclaimed restaurants. Nearby amenities include the Churchill Centre, Costco, and Northpark Shopping Centre, ensuring all conveniences are within easy reach. High-frequency public transport is readily accessible, and the property is only an eight-kilometre commute from the Adelaide CBD, combining scale, exposure, and lifestyle convenience in one strategic location.

Key features of the property include:

• Two separate titles available individually or combined
• Massive combined frontage of approximately 30.7 metres
• Total land area of approximately 1,039 square metres
• Title 507 comprises approximately 556 square metres
• Title 509 comprises approximately 483 square metres
• Potential to develop up to nine townhouses (subject to council consent)
• High exposure location suitable for commercial or mixed-use development (subject to council consent)
• Opportunities to renovate existing dwellings for immediate rental income
• Large rear yards providing ample outdoor space
• Zoned for Enfield Primary School and Roma Mitchell Secondary College
• Easy access to high-frequency bus routes for convenient commuting to the CBD

Blair Athol is a suburb undergoing dynamic transformation, favored for its proximity to the city and excellent local amenities. Residents benefit from diverse shopping options at the nearby Churchill Centre and Northpark Shopping Centre, while the vibrant Prospect Road main street offers a cosmopolitan atmosphere. The area is well-serviced by quality education providers and offers abundant green spaces and recreational facilities. With seamless transport links and the CBD only eight kilometres away, Blair Athol remains a highly sought-after location for developers, families, and investors alike.

This property offers a strategic acquisition for those looking to secure a significant footprint in a high-demand area with strong growth potential. Whether for development, investment, or long-term holding, it provides a unique opportunity to create a landmark project or capitalize on immediate rental returns.

Prospective purchasers are encouraged to conduct their own enquiries to verify all information and explore the full potential of this exceptional offering.

Location