5 Wainhouse Street, Torrensville SA 5031

Sold

The one you have been waiting for! Character Bungalow on Generous Allotment with

This rare offering is an opportunity for all adept buyers. Offered for the first time in over 65 years, this large allotment of 906 sqm (approx.), ensures that the options are endless and boasts a timeless c1925 bungalow. Take advantage of the current planning consent for 3 dwellings or options for improvements and renovations (STNC).

In addition to these options, the property is located on one of Torrensville's most tightly held streets and is considered a Top 3 Street, with the last transaction of the street taking place almost 2 years ago!

An arm's reach from Adelaide CBD, moments from King's Reserve and the Thebarton Aquatic Centre, there's endless cafes, stores and entertainment to enhance your lifestyle in this prime location.

Enjoy the convenience of the Torrensville shopping centre, Brickworks Marketplace, restaurants along nearby Henley Beach Road, and South Road specialty stores. It's hard to look past the proximity of nearby schooling, including Thebarton Senior College, Torrensville Primary, and St George College.

A Generous allotment of 906 sqm approx. (19.81 metres and depth of 45.72m)

This opportunity is not to be missed!

Why you'll love it:

FOR THE OWNER OCCUPIER
- Current site includes a single storey c1925 asymmetrical bungalow style dwelling with rear outbuildings including a garage and granny flat.
- 3 Spacious bedrooms
- Bedroom 1 and Formal lounge with original fireplaces
- Ornate ceilings throughout
- Wide hallway with wide entrance
- Kitchen with ample storage and bench space
- Large laundry
- Abundant shed storage space
- Carport with room for 2 cars

FOR THE DEVELOPER/INVESTOR
- Development ready site - avoid council development application process
- Rare development opportunity in Torrensville where subdivision is prohibited due to heritage/contributory restrictions.
- Planning Rules Consent for THREE dwellings (One 1-Storey 3 Bedroom / 2 Bathroom House and Two 2-Storey 3 Bedroom / 2 Bathroom Townhouses)
- Ready to Rent (not only to generate income, but also to plan the development)
- Long settlement period with a lease-back option is available
- Perfect for the investor – Consolidate your investment holdings into one land holding with potential for significant Land Tax savings

All information provided including, but not limited to, the property's land size, floorplan, floor size, building age and general property description has been obtained from sources deemed reliable. However, the agent and the vendor cannot guarantee the information is accurate and the agent, and the vendor, does not accept any liability for any errors or oversights. Interested parties should make their own independent enquiries and obtain their own advice regarding the property. Should this property be scheduled for Auction, the Vendor's Statement will be available for perusal by members of the public 3 business days prior to the Auction at the offices of LJ Hooker Mile End at 206a Henley Beach Road, Torrensville and for 30 minutes prior to the Auction at the place which the Auction will be conducted. RLA 242629

Property Details