Sale of prime land to launch Felixstow Neighbourhood Renewal Project
The first stage of the Felixstow Neighbourhood Renewal Project will see prime vacant allotments released to the market in February 2018.
Land allotments for Stage One will be released to the market through sales agent Ouwens Casserly, while house and land packages will also be available in later stages, creating a new diverse, integrated and sustainable community in Adelaide’s north-eastern suburbs.
Of the redevelopment project, Nathan Casserly of Ouwens Casserly, said, “Adjacent to Linear Park, offering a variety of amenities, and excellent school options we expect this exciting release to be of great interest to first-home buyers, downsizers and investors.”
The Felixstow Neighbourhood Renewal Project consists of 9.3 hectares of largely aged, post-war public housing that is being replaced with contemporary, medium-density housing, comprising of one- and two-storey homes.
Approximately 86 South Australian Housing Trust (SAHT) properties will be demolished to deliver a new mix of modern, affordable and private housing only six kilometres from the CBD. The project will increase the total number of homes in the area from 100 to approximately 200 properties, of which 60-70 properties will be SAHT homes. The remaining allotments to be sold to the market.
The project area is a new development bound by Briar Road, Langman Grove, and Shirley, Redden, Fraser, Reid and Thrower Avenues that will be integrated into an established community with existing surrounds located adjacent Linear Park.
Renewal SA General Manager, Property Management, Michael Buchan said of the renewal project, “This project will not only breathe new life into Felixstow; it will also create a boost for the construction industry and jobs in the north-eastern suburbs.”
The staged Felixstow redevelopment will create exciting new housing options, construction jobs for the community, and generate millions of dollars in private investment.
The redevelopment project forms part of the state government’s Renewing Our Streets and Suburbs (ROSAS) initiative to renew 4500 pre-1968 Housing Trust homes by 2020.
ROSAS is expected to generate more than $1.2 billion of direct private and public investment in new housing and construction projects, supporting an estimated 1600 jobs a year.
Interested buyers can visit felixstowsa.com.au to register their details.