1/35 & 2/35 Sturt Street, Mount Gambier SA 5290

$470,000

4 beds

2 baths

2 parking

Ideal Investment

Ray White Mt Gambier are pleased to present for sale two solid brick properties at 1/35 Sturt Street and 2/35 Sturt Street, Mount Gambier. The centrally located spacious double bedroom apartments share a community title are perfect for the investor seeking a fantastic opportunity.
The apartments are currently untenanted and were rented successfully as short-stay accommodation. They have been appraised to earn weekly incomes of approximately $255 and $275 each, making it a tidy and highly profitable combined purchase. The apartments sit within a sought-after location close to the new Coles and Aldi complex with Mount Gambier's full range of amenities within walking distance or just a short commute by car.
The properties sit directly opposite the popular Railway Lands walking and cycling trail, with property one facing the road offering a secure garage and property two located at the rear, offering a fully paved driveway and secure garage.
The front apartment has been freshly painted throughout and benefits from two front-facing living areas (one could easily be made in to an additional bedroom), the carpeted lounge room with reverse cycle air conditioning sits within an open kitchen and dining area. The space is light and bright and decorated with neutral colours. The kitchen and dining room offers tiling and access to a rear pergola via glass sliding doors that lead to a private and fully paved courtyard/entertaining area.
The kitchen benefits from ample cupboard and bench space, a double sink, electric cooking and a tiled splashback surround.
Two large double bedrooms, both with built-in robes, are accessed to the left and rear of the home via a hallway that also accesses the laundry and family bathroom.
The bathroom sits at the rear of the property and offers a separate shower, corner spa-bath for some added luxury, vanity unit and a separate toilet for convenience. A good-sized laundry room sits adjacent, benefitting from a linen press, built-in trough and access directly outside.
The second available rear apartment benefits from its location back from the street. It offers a large, central kitchen and dining room with a spacious lounge to one end and a family living area to the other (again one could be converted to a third bedroom if desired). This design creates a spacious and free-flowing home where relaxation and recreation go hand-in-hand.
The kitchen offers lots of bench space and a breakfast bar surround. It benefits from a stainless-steel electric oven and cooktop, a dishwasher, double sink and fully tiled floors and splashbacks.
The living area is comforted with a reverse cycle air conditioner. From the lounge room, a hallway accesses two large bedrooms to either end of the rear of the home — both offer built-in robes and are separated by the family bathroom and laundry.
The bathroom benefits from a separate bath and shower, a vanity unit and a separate toilet adjacent to the laundry that again offers a linen-press, built-in trough and access outside.
Both properties offer security systems and will be popular additions to the rental market and attractive additions to any investment portfolio.
To find out more about the opportunity, please contact Tahlia at Ray White Mount Gambier today. RLA291953

Additional Property Information:
Age/ Built: Approx. 1997
Council Rates: Approx. $312 each per quarter

Property Details

• Type: Apartment
• Bedrooms: 4
• Bathrooms: 2
• Garage Spaces: 2

Features