Norwood 42 Edward Street

Perfectly positioned Torrens-Titled allotment in the heart of cosmopolitan Norwood comprising three separate residences.

AUCTION: SATURDAY, 16TH SEPTEMBER 2023 AT 11:00AM

Rare investment or development opportunity in the heart of Norwood.

Large allotment of 930m² (approx.) with 15.29m frontage to Edward Street, just a short walk to the heart of The Parade.

Current improvements on the land consist of three neatly presented dwellings.

An original three-bedroom Villa residence is positioned at the front of the allotment, with its own carport and direct access off Edward Street.

As you enter off the covered verandah you are welcomed into a central hallway with high ceilings.

There are three well-proportioned bedrooms coming directly off the central hallway, two with fireplaces.

At the end of the central hallway is the open plan lounge and dining overlooked by the kitchen, and opening to the the secure, courtyard garden.

There is a family bathroom and separate laundry off the kitchen, as well as a study/ home office at the rear of the home.

There are two semi-detached, solid brick, two-bedroom townhouse dwellings at the rear of the land with separate driveway access directly off Edward Street.

You enter both townhouses from covered carports and verandahs into an entry foyer, opening to a generous lounge/ meals area, with substantial windows providing a light and bright feel.

Large separate kitchens provide generous cupboard and bench space, with separate laundries coming directly off the kitchens and access to Courtyard gardens to the rear.

There are separate bedroom wings providing a peaceful separation from the main living area, with two well-proportioned bedrooms, one with built-in robes.

Sizable bathrooms are located between the bedrooms, with separate baths and powder rooms.

The three residences are currently occupied on periodic leases, with lease details available upon request or at open inspections.

Perfectly located, just a short walk to the heart of The Parade and associated hospitality, retail, and services for the ultimate in inner-metropolitan lifestyle.

Public transport is on the doorstop, and you are just a short walk to the heart of The Parade, being home to a plethora of cafes, bars, and fine dining venues, as well as retail, cinemas, gyms and Norwood Oval for the ultimate in inner-eastern metropolitan lifestyle.

The area is zoned for Norwood Morialta High and Marryatville Primary School.

Excellent long-term investment opportunity with immediate returns and/or opportunity for redevelopment subject to usual Council consents and approvals, with great holding income in the meantime.

Quality investment opportunities such as this are rare, and holdings of this nature are very tightly held.

AGENTS: Charles Booth 0408 898 287 and Jack Booth 0418 818 925
RLA: 294724 & 316780