1 - 10/21 Wakefield Street, Kent Town SA 5067

Auction Location: In Rooms @ The Lakes Hotel.

A golden opportunity to purchase an apartment block of ten strata titled units in the heart of City fringe East.

Consisting of eight two-bedroom units with living areas and two 2 story penthouses with functional kitchen and bathroom and separate w/c. Some units with air conditioning.

A communal laundry on the ground level and level one offers great convenience also for tenants.

The two penthouse units offer some 135m2 and 126m2 of living space respectively.

There are four units of 68m2 (approx.) and the other four units comprise 77m2 (approx.).

On a magnificent allotment of 975m2 approximately with 20.12 m frontage and 48.44 m depth and two street access, there is room to grow. In fact, the council has approved for an additional 2 units to be added to the complex increasing your yearly rental return (plans available on request).

Weekly Rental Breakdown:
Unit 1 - $300 p/w
Unit 2 - $290 p/w
Unit 3 - $320 p/w
Unit 4 - $335 p/w
Unit 5 - $280 p/w
Unit 6 - $300 p/w
Unit 7 - $320 p/w
Unit 8 - $325 p/w
Unit 9 - $295 p/w
Unit 10 - $350 p/w
Total $3,115 per week = $161,980 per year approximately

This outstanding location offers an unbeatable lifestyle unlike any other, with two amazing street frontages - Wakefield Street and Little Wakefield Street, Kent Town!

Adelaide's own South Yarra style locale with two penthouses, off street parking accessed from the Little Wakefield Street and loads of potential!

For more information, please contact Nick Carpinelli on 0403 347 849 or Frank Azzollini on 0419 849 037.

Disclaimer:
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement. All land sizes quoted are an approximation only and at the purchasers discretion to confirm. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries. RLA 175322