1 Wellington Street

Klemzig SA 5087

Positioned within one of Adelaide's fastest-moving north-eastern pockets, 1-4/20 Wellington Street delivers a tightly held investment opportunity where scale, flexibility and long-term upside collide. Occupying a substantial allotment with wide-ranging future potential, this is the kind of asset rarely brought to market - a guaranteed holding today with exciting possibilities waiting beyond the horizon.

Comprising four neat contemporary two-bedroom units, the property already generates dependable rental income with established tenancies firmly in place. For investors seeking immediate return, the credentials speak for themselves. But for buyers with an ambitious eye for the future, the opportunity expands even further. Retain the current configuration, refresh and refurb to elevate yield, or explore the site's enticing redevelopment scope with multi-dwelling possibilities (subject to planning consent) in a location where quality townhouse demand continues to rise.

Adding even more appeal is the address itself. Quietly tucked away while remaining moments from key arterial connections, the lifestyle balance here is exceptional. Marden Shopping Centre, scenic Linear Park and the thriving caf and retail energy of The Parade Norwood all sit within easy reach. Paired with Adelaide CBD only minutes from your door, this is investment stability, development promise and blue-chip positioning combining in one compelling package.

Features you'll love:
- Neat contemporary group of four, 2-bedroom units, all currently tenanted
- All enjoy easy open-plan layouts, original kitchens + bathrooms/laundries
- Updated appliances + BIRs to most units
- Offering immediate rental return with long-term land-holding
- Excellent canvas to refresh + refurb for great income yield
- Enticing future development possibilities from large subdivisions to rows of designer townhouses (subject to planning consent)
- Council approved for three-level construction, possibly four-levels depending on site development use

Location highlights:
- Stellar inner-east positioning with wonderful access to the scenic Linear Park/River Torrens
- Walking distance to Klemzig Primary, local cafs + eateries
- Footsteps from bus stops, as well as the Klemzig Interchange for hassle-free commutes to the CBD
- Around the corner from Greenacres + Marden Shopping Centre, as well as moments to busy Firle Plaza + iconic Parade Norwood
- A swift 7-minute zip to Melbourne Street North Adelaide, or 10 to North Terrace for prized city-fringe positioning

Specifications:
CT / 5556/567
Council / Port Adelaide Enfield
Zoning / GN
Built / 1969
Land / 631m2 (approx)
Frontage / 16.28m
Council Rates / $1,137.30pa per unit (2025/2026)
Emergency Services Levy / $157.80pa (2025/2026)
SA Water / $200.30pa (2025/2026)
Estimated rental assessment / Written rental assessment can be provided upon request
Nearby Schools / Klemzig P.S, Vale Park P.S, Hampstead P.S, Hillcrest P.S, Open Access College, Charles Campbell College, Marden Senior College

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409