Development Opportunity with Income
RWC Adelaide in conjunction with Ray White Prospect, are proud to present for sale 5 residential units on a strategic development site at 6 Commercial Road, Salisbury.
The site boasts a significant frontage to Commercial Road and adjoins the brand new Radiology SA centre, ensuring excellent commercial development potential.
Adding to the appeal, the property currently provides a solid investment foundation with 5 existing residential units delivering valuable holding income.
Key Highlights:
• Strategically positioned land holding of 1,722sqm*
• Huge frontage of 50m* to busy Commercial Road
• Valuable holding income of $79,960 p.a. from 5 fully leased units
• Potential to value-add through refurbishment and additional unit construction (STCC)
• Strategic location set to benefit from the surrounding commercial precinct
• Close proximity to Parabanks Shopping Centre and City of Salisbury Town Centre
• Zoned Urban Activity Centre allowing development up to 4-levels
Units 1-5, 6 Commercial Road, Salisbury is offered to market by public auction, to be held onsite on Wednesday 26th of November at 11am.
For further information please contact the team at RWC Adelaide or Ray White Prospect.
Oliver Totani +61 412 808 743
Connor Melvill +61 468 812 921
Stefan Siciliano +61 403 171 489
The site boasts a significant frontage to Commercial Road and adjoins the brand new Radiology SA centre, ensuring excellent commercial development potential.
Adding to the appeal, the property currently provides a solid investment foundation with 5 existing residential units delivering valuable holding income.
Key Highlights:
• Strategically positioned land holding of 1,722sqm*
• Huge frontage of 50m* to busy Commercial Road
• Valuable holding income of $79,960 p.a. from 5 fully leased units
• Potential to value-add through refurbishment and additional unit construction (STCC)
• Strategic location set to benefit from the surrounding commercial precinct
• Close proximity to Parabanks Shopping Centre and City of Salisbury Town Centre
• Zoned Urban Activity Centre allowing development up to 4-levels
Units 1-5, 6 Commercial Road, Salisbury is offered to market by public auction, to be held onsite on Wednesday 26th of November at 11am.
For further information please contact the team at RWC Adelaide or Ray White Prospect.
Oliver Totani +61 412 808 743
Connor Melvill +61 468 812 921
Stefan Siciliano +61 403 171 489