The property is offered for sale in one line by “Expressions of Interest”.
The closing date for such Expressions shall be at 4:00pm on Thursday, 14th May 2015.

301 Unley Road, Malvern SA 5061
Improvements are in the form of a Villa style property converted into offices with a 2-storey addition at the rear and undercover parking.

The subject property is contained within Certificate of Title Register Book Volume 5453 Folio 110 being Allotment 165 in Filed Plan 15583 in the Hundred of Adelaide in the area named Malvern.


303 Unley Road, Malvern SA 5061
A Tudor style residence that was originally an Indian Restaurant converted in 1999 and amalgamated with the adjoining property at 301 Unley Road to become the Head Office of The Association of Independent Schools of South Australia.

The subject property is contained within Certificate of Title Register Book Volume 6051 Folio 405 being Allotment 185 in Filed Plan 15583 in the Hundred of Adelaide in the area named Malvern.


PLEASE NOTE
The State Government, in partnership with the City of Unley, are promoting a higher density development environment in Mixed Use Zones along traffic corridors. In accord with this promotion, the City of Unley has implemented a Development Plan Amendment (DPA) program that will eventually see the traffic corridor of Unley Road accommodating Development Proposals for 3-5 storey buildings in a mixed use of Retail/Commercial and Residential. The City of Unley has already advanced this program to cover the Unley Road frontages up to the Cheltenham Street corner on the east side and Northgate Street on the west. It is planned that a review to run south from Cheltenham Street will be considered within the next 2-3 years.

When the DPA program extends beyond Cheltenham Street to incorporate the subject property, the 48m depth of the subject land should allow for a development of up to 4 stories.

We are advised that when a Development exceeds $3 million in value or greater than 4 stories it can be referred to the Co-ordinator General who may allow the proposal to be considered by the Development Assessment Commission (DAC).

Undoubtedly, the subject property, which has land of 1,930m² with a frontage of approximately 40m, is a strategic holding that will eventually capture this significant change in a higher and better use than the current Mixed Use 3 Zone. Please refer to selected excerpts from the Strategic Directions Report document.

Rates & Taxes:

301 Unley Road, Malvern
Council Rates: $ 7,909.20 p.a.
SA Water: $ 2,850.00 p.a.
Emergency Services Levy: $ 1,606.85 p.a.
Land Tax (single holding): $ 8,486.50 p.a.

303 Unley Road, Malvern
Council Rates: $ 6,643.70 p.a.
SA Water: $ 2,422.80 p.a.
Emergency Services Levy: $ 1,357.75 p.a.
Land Tax (single holding): $ 2,981.50 p.a.

Site Value: $1,640,000
Capital Value: $2,300,000

The property is offered for sale in one line by “Expressions of Interest”.
The closing date for such Expressions shall be at 4:00pm on Thursday, 14th May 2015.

For more information or to download and print an Expression of Interest Form please visit www.jackmantreloar.com.au or click on the website link above.