1-4/192 South Road, Mile End SA 5031

Sold

9 beds

5 baths

5 parking

4 Dwellings on a Single Title with Attractive Return

A range of options for the astute investor in a rare offering. This high exposure site comprises a 3 bedroom house fronting onto South Road and 3 x 2 bedroom townhouses to the rear.

The three townhouses feature open living/dining on the ground level, separate kitchen and wc. A courtyard is accessible to the rear. 2 generous bedrooms and a balcony on the upper level with a full bathroom including bath tub. Off street parking allocated for each dwelling. Two of the three have been renovated including new kitchen and bathroom.

The main dwelling features original 1970's fixtures and fittings except the lower level has been updated including the kitchen to accommodate the existing tenancy. This is an opportunity to add some serious value.

Fully leased showing a healthy income. Explore the option of renovating the remaining two dwellings, converting to community title and realise the value or enjoy a solid return for the investment portfolio.

For further details or an Information Memorandum, please contact Nick Ploubidis on 0423 840 514 or Theo Mylonas on 0402 884 877.



CT Number: Volume 5650 Folio 974
Name of Council: City of West Torrens
Water Rates: $235.38 per quarter (approx)
Land Size: 807sqm (approx)


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Property Details

• Type: BlockOfUnits
• Bedrooms: 9
• Bathrooms: 5
• Carport Spaces: 5