1-9 Cameron Avenue, Gilles Plains, SA 5086

Offer Close Monday 10th February 2025 – 1.00pm (usp) 
  
When opportunity knocks Twenty-four dwellings on one very big piece of Gilles Plains + Commercial building 2601m2 (approx.) all on 3 Torrens Titles of Land  
  
Twenty-four Residential 1 bed bedroom studio units comprised of two-story building with walk up access constructed on a L-shaped.  The centre of the property is a standalone Commercial Office all on some 2601m2 (approx.)  meters to Main NE Road.  

An investment or development opportunity of momentous proportions, with a return of $380,000 (approx.)
  
A world of possibilities in a highly sought after locale and some of Adelaide's major commercial enterprises, and Modbury Triangle. 

No, you are not dreaming! 

What has long belonged to the Beyond Blindness (Blind Welfare Association of SA Inc) Head Office has now been released for public consumption, giving prolific scope to either bring these 1960’s studio units into the 21st century or divide, build and conquer the site from the ground up (STPC) 

Each dwelling features one spacious bedroom and bathroom, heating/cooling provisions, functional kitchen, all in a relatively minimal maintenance =landholding. Some modest cosmetic updates will likely have eager renters queueing on 1-9 Cameron Avenue. Public transport for lightning-fast connection to the CBD, opportunities of this scale simply don't come around at all, let alone in a location like this. 

Time to call the Council or jump on the SA Plan Site. 

Features we love… 

A rare 53.34m2 frontage and depth of 156m2 (approx.) 
- The scope to update the dwellings and create a high-return rental roll 
- Large-scale development opportunity subject to planning consent 
- Huge rare 2601m2 (approx.) of land  
- Multiple off-street carparks and wide driveways/access to rear 
- Minutes walking distance to bus 
- Less than 20 minutes from the CBD 
- Zone/Policy/Precinct GN – General Neighborhood 
- Estimated weekly rental income of $350 (approx.) per unit (once up graded)
 
CT References 
Lot 124, Deposited Plan 3319 Volume 5452 Folio 396 - 19.81m2 x 48.77m2 = 966m2 
Lot 125, Deposited Plan 3319 Volume 5452 Folio 100 - 18.29m2 x 48.77m2 = 892m2 
Lot 36, Deposited Plan 3319 Volume 5604 Folio 932   15.24m2 x 48.77m2 = 743m2