507-509 Prospect Road

A rare and remarkable opportunity presents itself to secure a significant footprint in the heart of Blair Athol. Spanning two separate titles with a massive combined frontage of approximately 30.7 metres, this expansive landholding of approximately 1,039 square metres offers unparalleled versatility. Whether you are looking to acquire both allotments as a landmark development site or secure an individual title to start your next project, the scale and exposure provided by this Prospect Road position are second to none. The development potential here is truly significant, with the capacity to redevelop the site into up to nine modern townhouses, subject to the necessary council consents. Beyond residential applications, the high-exposure nature of this primary corridor suggests exciting possibilities for commercial or mixed-use ventures (STCC). This is a strategic acquisition for those looking to capitalise on the continued growth of the inner northern suburbs, providing a blank canvas to create a high density masterpiece in a high demand location. *Proposed development plans attached.* While you finalise your plans, the existing dwellings on each title offer a practical pathway to immediate rental returns. These solid structures can be renovated to maximise their yield, allowing savvy investors to land bank with a steady income stream. The expansive yards and established footprints provide a solid foundation for those wishing to hold the property long term while the surrounding area continues to evolve and appreciate. The lifestyle benefits of this location are a major drawcard for future residents or businesses. Situated just minutes from the vibrant Prospect Road precinct with its boutique cafes and acclaimed restaurants, and a short drive to the Churchill Centre, Costco, and Northpark Shopping Centre, every convenience is within reach. With high frequency public transport at your doorstep and a quick eight-kilometre commute to the Adelaide CBD, this property represents the perfect intersection of scale, exposure, and lifestyle convenience. Key features: • Two separate titles offered individually or as one combined site • Massive combined frontage of approximately 30.7 metres • Total land area of approximately 1,039 square metres • Number 507 total land area of 556sqm approximately • Number 509 total land area of 483sqm approximately • Potential for up to nine townhouses (subject to council consent) • High exposure location suitable for commercial or mixed use potential (STCC) • Opportunities to renovate for immediate rental income • Large rear yards • Zoned for Enfield Primary School and Roma Mitchell Secondary College • Easy access to high frequency bus routes for CBD commuting Blair Athol is a suburb undergoing a dynamic transformation, favoured for its proximity to the city and its exceptional local amenities. Residents enjoy a diverse range of shopping options at the nearby Churchill Centre and Northpark Shopping Centre, while the cosmopolitan energy of Prospect's main street is just moments away. The area is well-serviced by quality education providers, including Enfield Primary and Roma Mitchell Secondary College, and offers plenty of green space with local parks and recreation facilities nearby. With the CBD only eight kilometres away and seamless transport links, it remains a top choice for developers and families alike. Contact the team today to arrange your inspection and secure this potential plus property offering. DISCLAIMER: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document. RLA-352067