Prime Development Opportunity - 1839 SQM (Approx.) - Zoned HDN (*with variations) Moments away from the sandy shores of Pt Noarlunga Beach, an exceptional opportunity presents itself with this substantial property spanning approximately 1839 SQM. Zoned Housing Diversity Neighbourhood - HDN. This site offers significant potential for residential redevelopment in, what the market has told us, is now evidenced as one of Adelaide's strongest growth coastal suburbs. Key Features: Zoning: Housing Diversity Neighbourhood (HDN), permitting a variety of housing types including detached, semi-detached, row, group dwellings, and residential flat buildings. Land Area: Approximately 1839 SQM. Dual Street Frontage: 40.24M (80.48 in total) Development Potential: Ideal for boundary realignment, subdivision, or small-scale infill development (visit https://plan.sa.gov.au for information) Strategic Location: Situated in a suburb earmarked for urban renewal and growth, with ongoing infrastructure investments enhancing the beautiful township of Port Noarlunga and it's quaint, ocean appeal. Recent Developments: The City of Onkaparinga has approved a $2.04 million budget for the reconstruction of Murray Road, Port Noarlunga, as part of the 2024-25 Annual Business Plan and Budget. This project aims to enhance road safety, pedestrian access, and overall streetscape, further elevating the area's desirability and accessibility. Evidenced data shows the existing dwelling, when separated and improved, will achieve $1.35M positioning this as one of the best ROI development opportunities in the Port Noarlunga Township. Development Guidelines (Policy Area 24): Minimum Frontage Requirements: Detached Dwelling: 9m Semi-Detached Dwelling: 9m Row Dwelling: 6m Group Dwelling: 18m Residential Flat Building: 18m Minimum Site Area Requirements: Detached: 270 SQM Semi-Detached: 270 SQM Row: 180 SQM Group Dwelling: 200 SQM Residential Flat Building: 200 SQM Additional Highlights: Proximity to Amenities: Close to public transport, shopping centers, schools, and coastal attractions. Existing Dwelling: The property includes an existing structure which has a Local Heritage significance on the external façade of the dwelling , offering potential for further renovation and preservation. *Zoning indicates boundary realignment will not impede development of this site. Please visit- (https://plan.sa.gov.au/development) for further information. Investment Potential: Strong demand in the area indicates an exceptional opportunity. This property presents as a rare opportunity to invest in a high-growth area with substantial development potential. Whether considering a multi-dwelling project or a strategic landholding, this site offers versatility and significant upside. **Pricing- Average SQM Rate $1202 Median SQM Rate $1238 **Pricing based on land SQM rate on sales in Pt. Noarlunga in the last six(6) months and does not place any value on dwellings/improvements. * Visit https://plan.sa.gov.au for further information or contact the City of Onkaparinga Council on 088384666. Viewings will be by private appointment only during business hours. Contact Simon Paterson on (08) 8381 1111 Expressions of Interest Closing 2PM Wednesday 30th of April 2025. Subject to Housing Improvement Act Order
Email enquiry to Paterson Real Estate - RLA 774
Property ID: 147721984
Original Property ID: 147721984