Under Offer!
Very rarely does such a lucrative (& low maintenance) opportunity come on the market to secure not one, but two three-bedroom homes on the one allotment & title. Built in 2003, these compact & convenient homes are virtually identical & both have separate parking areas & private backyards. Both are securely rented to tenants who would love to stay on & the back tenant has already been living there for over 10 years! Together, the homes are returning in excess of 6% annual yield.
Each property includes:
• 3 bedrooms
• Built in robes to 1 or 2 bedrooms
• Open plan lounge/dining room
• Compact kitchens with electric stoves
• Bathrooms with small bathtubs
• Separate laundry rooms
• Reverse cycle air conditioning
• Tiled floors
• Allocated, off street parking bays
• Private, fenced backyards
• Storage/toolsheds
• Attractive, elevated hills outlooks to the East
• Total block size 729m2 approx
• Currently returning $490 per week in rent
• Front tenant (paying $250pw) has fixed lease until August 2021
• Back tenant (paying $240pw) is now on a periodic lease
Located in a super convenient location, this property is less than 2 minute's drive to Centro Colonnades & train station, close to a choice of several schools (public & private) & childcare facilities + strolling distance to a bus stop. Set quite a way back from the road & tucked behind a front fence & thick greenery, these properties are surprisingly private & sheltered from the passing traffic. A long, common driveway provides easy access & turning circles for each property.
Having been held by the current owners long term, this exciting investment opportunity has come about due to pending retirement/downsizing & all serious & genuine offers will be presented & considered. Any inspections will be by private arrangement only.
RLA144653
176 Main South Rd, Morphett Vale SA 5162
08 8384 3888
JENNIFER DRABIC
0412479421
