1 Moreshead Street Greenacres, SA 5086

Here is one for the developers! Constructed in the 1950s and still in fair condition, this timber frame home is now ready for the urban renewal process, offering a very desirable opportunity for investors and developers to purchase, sub-divide (STCC) and re-develop into 2 sparkling brand new homes.

The home is sited on a generous 754m2 allotment (Approx) with a sweeping street frontage of 22.86m approx. offering a broad range of future improvement possibilities. With 5 main rooms including 3 bedrooms, the residence presents the opportunity to rent out now and produce an income while you go through the planning and approval process.

A generous lounge offers a gas heater and air conditioner with an adjacent kitchen / meals providing the original cabinetry and upgraded gas stove. All 3 bedrooms are double bed capable with bedroom 2 having direct access to a rear pergola overlooking a lush back yard. Functional wet areas include separate bath, toilet and laundry.

The large allotment offers a desirable northerly aspect and is level and flat. A single garage, garden shed, shade house and fruit trees complete the existing improvements.

Get smart, get ready, do the math and develop to suit! (STCC)

Briefly:

• Timber frame home on large allotment
• Great opportunity to sub-divide and re-develop (STCC)
• Allotment size of 754m2 approx (Approx)
• Sweeping street frontage of 22.86m (Approx)
• Rent out now while you get planning and construction approval
• Existing home of 5 main rooms in fair condition
• Large lounge with gas heater and air conditioner
• Kitchen / meals with original cabinetry and upgraded gas stove
• 3 bedrooms, all of good proportion
• Separate bath, toilet and laundry
• Rear pergola overlooking back yard
• Single garage, garden shed, shade house and fruit trees
• 2.7m ceilings

Centrally located within easy reach of all desirable facilities. Greenacres Reserve is just around the corner with is open spaces, tennis courts, sporting clubs, barbeque area, exercise equipment, basketball ring and playground, perfect for the younger family and a great place for your daily exercise. Walk to Hampstead Primary School with other local schools including Enfield Primary, Hillcrest Primary, Our Lady of the Sacred Heart College, Cedar College and Heritage College. Northgate Plaza & Greenacres Shopping Centre will both provide an outstanding shopping experience with modern amenities and a family friendly atmosphere. Public transport is only a short walk away on Hampstead Road.

A great opportunity to relocate or develop in a desirable residential location! Be sure to inspect at your earliest convenience!

Property Details:
Council | Port Adelaide Enfield
Zone | Residential 64 - Residential East
Land | 754sqm (Approx)
House | 93sqm (Approx)
Built | 1956
Council Rates | $977.05 Per Annum
Water | $166.22 Per Quarter
ESL | $242.55 Per Annum