227 Prospect Road, Prospect, SA 5082

Higher Commercial is pleased to bring to market the opportunity to secure a long-held corner development site at 227 Prospect Road, Prospect, positioned within one of Adelaide's fastest evolving inner metropolitan precincts.

With recently announced Federal Budget reforms, the appeal of new residential development and off-the-plan apartment product to investors may well rise. From 1 July 2027, negative gearing concessions will be directed toward eligible new-build residential property, including qualifying apartments purchased off-the-plan, positioning projects such as 227 Prospect Road to potentially benefit from increased investor demand for new housing supply.

- Substantial corner allotment of approximately 1,330 square metres*
- Valuable Urban Corridor (Living) zoning with strong residential development potential (STCC)
- Prominent dual frontage to Prospect Road and Regency Road
- Existing approval for a three (3) story development
- Significant opportunity for an apartment, mixed-use or residential-led development (STCC)
- Surrounded by substantial residential investment, including the recently completed Harrington development
- Located within the broader Prospect Lifestyle Precinct, supporting continued residential growth and development intensity
- Immediate access to Prospect Road's established cafés, restaurants, retail and Palace Nova Cinemas

Well positioned to benefit from the continued growth of Prospect's residential population
Broader planning outcomes within the precinct include development of up to 12 storeys along parts of the Main North Road corridor

With an existing development approval, substantial landholding and prominent corner position, 227 Prospect Road represents a timely opportunity to secure a significant residential development site as Federal housing policy increasingly directs investor incentives toward new housing supply.

For more information about 227 Prospect Road, Prospect or to arrange an inspection, please contact Cameron Garry or Nick Hatzis of Higher Commercial.

Disclaimer: 
This advert contains information and imagery which is believed to be accurate based on Higher Commercial sources and/ or inspections of the property before or at the time of advertising. Prospective buyers, tenants or other parties should make their own inquiries about the validity and accuracy of this information and view the property before making any offers. Our privacy policy is available at www.highercommercial.com.au | RLA 323 903