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Attention Savvy Investors!
- 6 Beds
- 2 Baths
Do not miss out on this incredible opportunity to get 2 investment properties with instant rental returns of $450pw!Very rarely does the opportunity arise to purchase two adjoining semi's on separate Torrens Titles and with a combined 1,207sqm (approx) allotment for amazing subdivision potential (STCC).
Built in 1960, both properties are identical in design boasting 3 good sized bedrooms, separate lounge, open plan recently updated kitchen and meals area for comfortable living and entertaining. The lounge features a wall unit air conditioner to appeal to a great range of tenants while a separate bathroom toilet and laundry at the rear completes this home. Number 17 boasts a generous garden shed at the rear while both homes offer flat roof verandah's perfect for entertaining.
Both properties are currently tenanted on a fixed lease for $225pw per property. Number 17 is fixed until 21/08/2018 while number 19 is fixed until 05/07/2018.
Developers act fast to secure this great asset for your future project, offering instant dual income and a profitable divine development opportunity. With a combined land size of 1,207sqm (approx) with a combined frontage of 34.05m and a depth of 40m (approx) this is a remarkably rare find. Furthermore, the land is level and ripe for redevelopment (STCC). You can keep the existing duplex for instant rental returns or demolish and redevelop(STCC) the choice is yours.
More features about this home include:
- Security screen door to both properties for peace of mind.
- Close to public transport making the tenants commute a breeze.
- Close to Argana Park and Elizabeth Football Club for great surroundings.
- A short 5min drive to the impressive Elizabeth Shopping Centre& 4mins drive to the large Munno Para Shopping City for complete convenience.
This outstanding investment opportunity offers unbeatable price, position and potential! Such a stand out investment, this home is a developer's dreamwhere you can follow the trend of the neighbouring properties or the perfect pick for a landlord's portfolio, primed with possibilities. Crunch the numbers and put in an offer fast before it's too late!
For more information, call Mike Lao on 0410 390 250 or Matt Ashford on 0487 888 178.
Council /City of Playford
Built / 1960
Land / 1,207sqm (approx)
Internal / 176sqm (approx)
Council rates / $2,389pa (approx)
Water rates / $302pq (approx) plus usage
Es levy / $205pa (approx)
Currently rented at / $450pw
(All the above information is the combined total of 17 & 19 Stone Road)
Want to find out where your property sits within the market? Have one of our multi-award winning agents come out and provide you with a market update on your home or investment! Call Mike Lao now on 0410 390 250.
Specialists in: Andrews Farm, Angle Vale, Blakeview, Burton, Craigmore, Davoren Park, Elizabeth, Gawler, Golden Grove, Greenwith, Gulfview Heights, Hillbank, Ingle Farm,Mawson Lakes, Modbury Heights, Munno Para West, One Tree Hill, Parafield Gardens, Para Hills, Para Hills West, Paralowie, Pooraka, Salisbury, Salisbury East, Salisbury North, Salisbury Plain, Salisbury Park, Salisbury Heights, Smithfield,Walkley Heights, Wynn Vale.
Ray White Salisbury, Number One Real Estate Agents, Sale Agents and Property Managers in South Australia.
Disclaimer: Every care has been taken to verify the correctness of all details used in this advertisement. However no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions.
- Air Conditioning
- Close To Schools
- Close To Shops
- Close To Transport
- Formal Lounge
- Polished Timber Floor
1,207m² / 0.3 acres
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