2 Rainbow Street, Grange, SA 5022

Investors, renovators and developers! A fabulous opportunity awaits for you to secure this rare parcel of prime beachside living in one of Adelaide's most sought-after coastal suburbs.

This rare 780sqm corner block with a three-bedroom, one-bathroom 1960s-built property in Grange is offering prospective buyers an outstanding renovation or development opportunity between the city and sea.

Buyers looking for a fabulous project will love this renovator's delight, with wide street frontage and perfectly positioned only 5 minutes to the glorious golden sands of Grange beach and Adelaide's best golf clubs and only 10kms to the Adelaide CBD - this one won't last long!

A fresh lick of paint, new carpets and some elbow grease would restore this treasure and take this beachside home to its former glory. The bones are all there, with sizeable open plan living, bedrooms and laundry like they used to make. The kitchen, laundry and bathroom could do with a modern makeover, breathing new life into this much-loved family home. The great size block with low maintenance gardens offers plenty of space for the home to be extended if desired.

Or, if you are seeking to develop your new dream home on a large traditional sized block, the possibilities are endless. Showcasing exceptional versatility, there is ample opportunity to take inspiration from owners building their dream homes on similar large allotments elsewhere in Grange, or investors developing multiple stylish, two-storey Torrens Title residences (STCC). With flexibility in spades, let your imagination run wild to reap the rewards with pristine coastline on your doorstep.

Location, location, location - this location is truly second to none. Ideally situated a stone's throw from Grange beach coastline - your morning swim, walk or run has never been more scenic. It really is no secret that everyone wants a slick of this laid-back beachside neighbourhood located only 15 minutes from the city; from the reputable schools and recreational lifestyle it provides, to the wonderful seaside charm nearby. It's a hit with those looking for a beachside lifestyle just a few minutes from beautiful Grange jetty/beach, prestigious Grange Golf Club, Royal Adelaide Golf Club, Henley Square restaurants and cafes, the Grange Hotel and Grange Jetty Kiosk. Fulham Gardens and West Lakes Shopping Centres are just a short commute for a retail fix. With neighbouring access to quality schools such as West Lakes Kindergarten & Early Childhood Centre, Grange Primary, Star of the Sea, Fulham Gardens Primary, Fulham North Primary, Seaton High School and St. Michael's College - it's all here!

What we love:

• Outstanding renovation/development potential between the city and sea!
• Large corner block with low maintenance gardens
• Red brick colonial style home in original condition offering 3 generous bedrooms
• Open plan living with original timber panelling and gas heating in lounge
• Large separate laundry with cupboard storage
• Single undercover carport under main roof
• A quick 2-minute walk to the East Grange train station for easy, convenient public transport access to the city in 20 minutes!
• Great school zoning
• This is it - get in quick!

Auction: Thursday, 25th January 2024 at 6.00pm

Any offers submitted prior to the auction will still be under auction conditions. It is the purchaser's responsibility to seek their own legal advice and a Form 3 Cooling-Off Waiver.

PLEASE NOTE: This property is being auctioned with no price in line with current real estate legislation. Should you be interested, we can provide you with a printout of recent local sales to help you in your value research.

The vendor's statement may be inspected at 742 Anzac Highway, Glenelg, SA 5045 for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it commences.