Key insights

Description

Could this be the last residential development opportunity on East Terrace?

Considered the most prestigious and enviable park front position in Adelaide, affording enormous potentials, to either refurbish the existing Art Deco family residence (circa 1936), once owned by News Corp (Rupert Murdoch), or further develop this prime land (519 square metres approx.), with one substantial architecturally inspired contemporary home, or build the ultimate boutique apartment complex (STCC), showcasing exceptional elevated views over the Parklands, and the Adelaide Ranges beyond.

It is unlikely the south-east precinct will present to the market such a prime residential chance of acquisition again, with East Terrace only contracting further, with land/development opportunities becoming virtually unobtainable and beyond blue-chip real estate.

The existing and very comfortable family residence, also offers great character appeal, with voluminous light-filled living and entertaining zones, both inside and out, which could be further enhanced, with utilizing fabulous concept illustrations by Fiona Lynch Interior Design (VIC), being made available to the incoming purchaser.

Build your substantial dream city residence, or develop an exclusive boutique apartment complex, for the discerning downsizer, offering the ultimate low-maintenance lifestyle sanctuary, all positioned on the most enviable park front section of the south-east precinct.

114 East Terrace, Adelaide, offers the astute investor/owner occupier the opportunity to design and build, with their own flair and vision, a multi-level boutique residential apartment complex, or a substantial south-east city residence (STCC), second to none, offering an unrivalled lifestyle, with exceptional convenience and position.

A peerless development site or family home, overlooking the glorious Parklands, and within a short stroll to either fashionable Hutt Street, the vibrant East End's café and retail precinct, or the CBD, all opposite Adelaide's most glorious East Parklands, and only a short drive or walk to Norwood Parade. Prime real estate personified.


AGENT: JAMIE BROWN 0413 000 887
RLA: 294724


RATES AND TAXES (approximate only and subject to change)
- Certificate of Title
Volume: 5187 Folio: 368

- Council
Adelaide City Council
Rates: $4,668.00 per annum (approx.)

- SA Water
Quarterly Supply Charge: $74.20 per quarter (approx.)
Sewer Charges: $383.75 per quarter (approx.)

- Emergency Services Levy
$428.00 per annum (approx.)

View More

Amenities