1-4/20 Wellington Street, Klemzig, SA 5087

$1,950,000

Block Of Units
Type
8
Bedrooms
4
Bathrooms
4
Parkings
631 m²
Area

Last updated on Friday, July 10, 2026 ( See property details for 1-4/20 Wellington Street, Klemzig, SA 5087)

$1,500,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile investment property comprising four well-maintained units with significant redevelopment potential in a prime Adelaide location.

🏡 Property Highlights

  • Tightly held investment with reliable rental income from four tenanted units
  • Potential for future redevelopment (subject to planning approval)
  • Excellent location with easy access to CBD, parks, shopping centres, and public transport
  • Large allotment of 631m² with scope for subdivision or townhouse development
  • Contemporary two-bedroom units with open-plan layouts and updated appliances
  • Council approved for three to four-level construction, offering development flexibility

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Waterfront / Views
  • Open-Plan Living
  • Waterfront / Views
  • Open-Plan Living
  • Waterfront / Views
  • Open-Plan Living
  • Waterfront / Views
  • Open-Plan Living

Klemzig offers a peaceful, family-friendly environment with excellent access to scenic Linear Park, local schools, and shopping centres. Its strategic location provides easy commutes to the Adelaide CBD and North Adelaide, making it ideal for both investors and developers. The suburb boasts a strong community vibe, with convenient amenities and a rising demand for quality housing. Surrounded by parks, cafes, and public transport options, Klemzig combines suburban tranquility with urban connectivity.

What is the current rental income for the units, and are the tenancies fixed or periodic?
The property generates dependable rental income with four tenancies: three fixed-term leases ending between August and September 2026, and one periodic tenancy, with weekly rents ranging from $380 to $450.
What redevelopment options are available for this property?
The site is council approved for three-level construction, with potential for four levels depending on site development use, offering significant future development opportunities (subject to planning consent).
Are there any existing planning restrictions or zoning considerations?
The property is zoned GN under Port Adelaide Enfield Council, with potential for multi-dwelling development, including townhouses or subdivisions, subject to planning approval.
What are the key features of the units in terms of layout and updates?
Each unit features an open-plan layout, original kitchens and bathrooms, with updated appliances and built-in robes in most units, providing a modern and functional living space.
What amenities and transport options are nearby?
The property is conveniently located within walking distance to Klemzig Primary School, local cafes, bus stops, and the Klemzig Interchange, with quick access to shopping centres and the Adelaide CBD.
Are there any hidden costs or upcoming maintenance requirements for the units or land? Has the property been assessed for flood or bushfire risks in this area? Are there any zoning restrictions or easements that could impact future development plans? Is there any history of structural defects or issues with the existing units? Are there any planned nearby developments or construction projects that could affect the property’s value or livability? What are the strata or body corporate arrangements, if applicable, and associated fees? Are there any restrictions on the types of redevelopment or modifications allowed on the site? Has the property been inspected for compliance with current building codes and regulations? Are there any environmental or heritage considerations affecting the property? What are the long-term land use and planning policies for this area that could influence future value?

1-4/20 Wellington Street, Klemzig, SA 5087 - More Details

$1,950,000

Type
Block Of Units
Bedrooms
8
Bathrooms
4
Parkings
4
Area
631 m²

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