36-40 John Rice Avenue Elizabeth Vale, SA 5112
Strategically located development site with holding income
- 2,453 sqm with frontage of 55.47 metres*
- Holding income with development appeal
- Lyell McEwin healthcare precinct
This strategically located development site is positioned adjacent to northern metropolitan Adelaide’s premier hospital precinct that includes the Lyell McEwin Hospital, medical centre, specialists and clinics, medical imaging and retail.
The property will appeal to passive investors and developers seeking to redevelop the assets.
The property comprises of 3 fully leased residential dwellings (grossing $49,400 pa) that offer the opportunity for more intensive residential or commercial development including childcare, health and welfare services, shops, offices or consulting rooms.
The short term nature of the residential tenancy agreements provide development flexibility, with the opportunity for more intensive residential development or commercial development.
The significant amalgamated site area of 2,453 sqm* is comprised across 3 contiguous Certificates of Title, with exceptional access, exposure and frontage to John Rice Avenue of some 55.47 metres*.
The offering provides an outstanding opportunity to secure a strategically placed asset, superbly located and with unsurpassed exposure adjacent to the entrance to the most significant healthcare precinct of Northern Adelaide.
The site is enhanced by flexible zoning that provides the opportunity for residential and commercial development serving the local community in this rapidly expanding healthcare precinct.
To arrange an inspection or for more information, please contact Colliers International as the exclusive selling agents:
Property ID: 503100998Last Updated: 16 May 2019