5 View Street, Ridgehaven, SA 5097

Auction Location: Onsite

Auction, onsite 12.00pm the 21st October 2023, unless sold prior.

Say hello to an outstanding opportunity in the heart of Adelaide's North East. This residence, positioned on a substantial 724 sqm allotment, may appear modest in its current state state, yet it shines as a development gem in a sought-after location only 2 minutes from Westfield Tea Tree Plaza .

Nestled within the vibrant North Eastern suburb of Ridgehaven, this property provides the ideal canvas for your vision. Inside, you'll find three bedrooms, a functional bathroom, as well as a practical lounge room and kitchen area, that with some elbow grease and the renovators cap on would rejuvenate the home allowing for continued rental revenue while land banking.

What truly gets us excited is the existing Planning Approval for three single-storey, Torrens Titled homes, taking advantage of the Housing Diversity Zoning. Whether you're eager to kickstart your next development project for resale or expand your investment portfolio by holding and renting out these residences in a highly desirable location, the possibilities are brimming with potential.

The nearby Westfield Tea Tree Plaza puts everything you need within easy reach, from major retailers like Woolworths, Myer, Aldi, Big W, and more. Schools, parks, and recreational facilities, such as Waterworld are also abundant, with Civic Park just a short stroll away and Modbury School a mere 7-minute walk for an effortless morning commute, plus also zoned within the highly sought after Heights School in Modbury. Plus, the nearby Tea Tree Plaza Interchange offers swift access to the Obahn for a speedy ride into the city, ensuring urban amenities are always at your fingertips.

Plans available on request - reach out today...

Check me out;
- Ideal development opportunity, situated on a spacious 724 sqm allotment
- Existing Planning Approval for three single-storey, Torrens Titled homes
- Three spacious bedrooms
- Light-filled lounge and kitchen
- Main bathroom with built-in bath and separate water closet
- Lockup shed
- Superb location, just a stones throw to Westfield Tea Tree Plaza
- A short stroll to peaceful Civic Park

Specifications:
CT // 5819/372
Council // Tea Tree Gully
Land // 724 sqm
Frontage // 19.81m
Nearby Schools // Modbury School, Redwood Park Primary, Ridgehaven Primary, The Heights School

On behalf of Eclipse Real Estate Group, we try our absolute best to obtain the correct information for this advertisement. The accuracy of this information cannot be guaranteed, and all interested parties should view the property and seek independent advice if they wish to proceed. Should this property be scheduled for auction, the Vendor's Statement may be inspected at The Eclipse Office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

Bradley Foster - 0413 876 516
[email protected]

RLA 277 085