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It is with great excitement that Knight Frank in conjunction with Crawford Doran present to market this perfectly situated Norwood real estate, 34-38 Fullarton Road Norwood. This opportunity doesn’t present itself too often with the fundamentals of living and working all under the same roof with 3 ground floor office suits and three terrace style apartments all for sale on one title.
The site sits proudly on Fullarton Road, making it the gateway to the inner-eastern suburbs. With the exciting Business Neighbourhood zoning allowing for a variety of housing types and compatible employment generating land uses in a development charactered by low rise buildings.
The opportunity isn’t solely limited to potential owner occupiers, with a respected annual income of $219,223 estimated net passing income, the site will be perfectly suited for land-banking investors who want to see the value uplift that our vendors have seen in the last 20 years.
The property comprises of one freehold title and will be offered to the market with the savvy value add investor looking for rental uplift or conversion to each individual title an option with all infrastructure in place to do so.
Knight Frank has highlighted by the below key points:
- A prominent three-level mixed-use freehold building across 933 sqm* of building area across three (3) separate service style office suits and 3 terrace style apartments with 2 bedrooms, 1 bathroom (2 separate toilets) and 1 car parking space for each residential tenancy
- Outstanding 18 metres* of mixed-use frontage to Fullarton Rad and directly located next to Norwood’s established retail and residential precinct (Norwood retail 1.7km, Prince Alfred Collage 1.1km*, Adelaide CBD 2.9km)
- 13 valuable on-site car parks for patrons and customers to enjoy
- Total $219,223* per square metre net and outgoings (40% of outgoing charged) combined that can be occupied or split into separate tenancies
- Excellent public transport connectivity with Fullarton Road passing 24,000 cars daily, regular commutes directly at the front of the property with the Klemzig interchange only 4.6km* away
- Medium housing price in Norwood is $1,487,500* with a total population of 6,855 bounded by Magill Road, Portrush Road and Kensington Road
- Zero stamp duty payable on commercial transactions in SA
*Approx.
For further information regarding the commercial aspects of the property please don’t hesitate to contact Chet Al or Chris Clemente now.
Remember to mention you found this property on CommercialReady
It is with great excitement that Knight Frank in conjunction with Crawford Doran present to market this perfectly situated Norwood real estate, 34-38 Fullarton Road Norwood. This opportunity doesn’t present itself too often with the fundamentals of living and working all under the same roof with 3 ground floor office suits and three terrace style apartments all for sale on one title.
The site sits proudly on Fullarton Road, making it the gateway to the inner-eastern suburbs. With the exciting Business Neighbourhood zoning allowing for a variety of housing types and compatible employment generating land uses in a development charactered by low rise buildings.
The opportunity isn’t solely limited to potential owner occupiers, with a respected annual income of $219,223 estimated net passing income, the site will be perfectly suited for land-banking investors who want to see the value uplift that our vendors have seen in the last 20 years.
The property comprises of one freehold title and will be offered to the market with the savvy value add investor looking for rental uplift or conversion to each individual title an option with all infrastructure in place to do so.
Knight Frank has highlighted by the below key points:
- A prominent three-level mixed-use freehold building across 933 sqm* of building area across three (3) separate service style office suits and 3 terrace style apartments with 2 bedrooms, 1 bathroom (2 separate toilets) and 1 car parking space for each residential tenancy
- Outstanding 18 metres* of mixed-use frontage to Fullarton Rad and directly located next to Norwood’s established retail and residential precinct (Norwood retail 1.7km, Prince Alfred Collage 1.1km*, Adelaide CBD 2.9km)
- 13 valuable on-site car parks for patrons and customers to enjoy
- Total $219,223* per square metre net and outgoings (40% of outgoing charged) combined that can be occupied or split into separate tenancies
- Excellent public transport connectivity with Fullarton Road passing 24,000 cars daily, regular commutes directly at the front of the property with the Klemzig interchange only 4.6km* away
- Medium housing price in Norwood is $1,487,500* with a total population of 6,855 bounded by Magill Road, Portrush Road and Kensington Road
- Zero stamp duty payable on commercial transactions in SA
*Approx.
For further information regarding the commercial aspects of the property please don’t hesitate to contact Chet Al or Chris Clemente now.
Remember to mention you found this property on CommercialReady
34-38 Fullarton Road, Norwood, SA, 5067
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