Arborist report available!

Situated on a versatile corner allotment of 971sqm (approx.), this double brick character home presents an exciting opportunity for those looking to invest or redevelop (STCC) among the first-class business and health community along Payneham Road.

Astute investors will recognise the value of the current floorplan, cleverly dividing the home into three separate living zones for the perfect blend of residential and commercial income stream. Each address has its own independent tenant and comprises:

254 Payneham Road - Established Sports Massage Centre, office, waiting area, two consulting rooms, W/C with sink, kitchen area and single garage.

254A Payneham Road - Two bedrooms, split system aircon, huge lounge, great sized kitchen, bathroom and laundry.

33 Albert Street - Two bedrooms, lounge, kitchen and bathroom/laundry, single garage and huge garden with tool shed.

The home would respond well to some work or plans to maximise the value of the large corner asset into the future (STCC).

The highly sought-after location delivers so many outstanding lifestyle features with strategic upside. Commute to the CBD in minutes, walk to Marden Shopping Centre, enjoy one of the best breakfasts in town at The Lab, expel the carbs at Goodlife Gym, relax along the stunning walking trails of Linear Park and celebrate being zoned for premier private and public schools.

A rare investment opportunity not to be missed!

Council: Norwood Payneham & St Peters
Exposure: 15,200 vehicles per day (approx.)
Combined rental per annum: $33,360.00

•• All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.

RLA 61345 RLA 282965 RLA 231015

Disclaimer:
••HELP PREVENT the spread of COVID-19. LJ Hooker AdelaideCity/StPeters/Glynde have implemented extra precautions to our inspections and auctions. We respectfully ask if you are feeling unwell, have travelled overseas in the past 14 days or been in contact with a confirmed case of COVID-19 in the last 14 days, please contact our sales consultant to discuss alternative ways to view the property. If in the event that you feel unwell in the 14 days following an inspection, we request that you contact our office immediately.••