10 Ellis Avenue

Morphettville SA 5043

The site benefits from a highly favourable planning overlay that supports increased density outcomes (STCC). This creates genuine flexibility for a range of future development scenarios, including multi-dwelling projects or detached housing, depending on individual strategy and design intent.

One of the existing dwelling's is well maintained and functional, offering immediate holding income while planning and approvals are explored - an increasingly important factor in the current market where carrying costs matter. Furthermore, the current owner is prepared to look at a 6 or 12 month extension of leasing back the current stables at market rent or as otherwise negotiated.

From a location perspective, this pocket continues to attract strong demand driven by proximity to Glenelg's coastline, efficient access to the CBD, and excellent public transport connectivity via tram and bus networks. Major retail, schooling and lifestyle amenities are all close at hand, underpinning both resale appeal and end-product demand.

This is land that appeals not just for what can be done today, but for what it positions you to do next.

Key highlights:

Substantial allotment in a high-growth coastal-fringe location
Multiple subdivision and development pathways available
Existing dwelling providing holding income potential
Strong underlying demand driven by lifestyle, transport and amenity
Zoned Suburban Neighbourhood, allowing flexibility in future use
Opportunities of this nature - combining scale, zoning flexibility and location - are becoming increasingly scarce. For developers and investors seeking a future-proof site in a proven growth market, this offering demands consideration.

Disclaimer: All information provided is subject to verification. Interested parties should conduct their own investigations and seek independent planning and legal advice.