UNIQUE DEVELOPMENT OPPORTUNITY (HIGH DENSITY COMMERCIAL/RESIDENTIAL ELEMENT).
Phone enquiries - please quote property ID 32390.
OFFICE SPACE, Investment Property… only minutes from CBD!!
Unique Development Opportunity in Thorngate: High-Density Residential with Commercial Element, Office Space, and Investment Property
Situated just minutes from the Adelaide CBD, this impressive 1920s Stone Front Executive Bungalow at 10 Main North Road, Thorngate, presents a rare opportunity for developers, home-based businesses, and professionals alike.
With 19.05 meters of road frontage and a large 1006 sqm block, this property offers a range of options for its prospective owners. Upon entry through the double front gates, visitors can park off-road in the expansive rear parking area, complete with an additional undercover carport. A veranda shelters the front of the property, leading to a spacious reception area via a wooden and glass door.
This property boasts three generous bedrooms and two bathrooms, including four fireplaces, two of which are functioning. A sunroom leads out to the rear of the property and a covered entertaining area, overlooks the enormous backyard.
Recently rezoned by the Prospect City Council as the ‘Urban Corridor Zone,' this property provides developers with the opportunity to build high-density residential dwellings in conjunction with a commercial element (such as offices) subject to council approval.
Currently utilized as a home office (previously a thriving business), the property has been rewired and still features all of the office wiring required for a business to move in and begin operating.
This versatile property offers a broad range of uses, including as a home occupier, home-based office, or professional office. Additionally, the roof and gutters have been replaced for added convenience.
Positioned among five neighbouring residential properties, this unique development opportunity is ideally located near public transport (bus stop meters away, heading to Adelaide CBD), as well as the vibrant shopping and dining precincts of O'Connell Street, North Adelaide, and Prospect Road.
Prospective owners will also benefit from nearby recreational facilities, including a nearby aquatic centre, cinema complex, dog park, picnic areas, and parklands.
Enquire now to register your interest in this solidly constructed property. For more information regarding development policies, please refer to the Transit Living Policy Area available on the Prospect City Council website.
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