1/152 Salisbury Highway, Salisbury SA 5108

Expressions of interest closing Monday the 22nd August at 5pm.
This generous 2-bedroom Solid Brick home unit is being offered for sale as a complete group of 6.
1 of 6 units each with their own title.
Unit 1 has the following Features.
Main Bedroom with Built in robe.
2nd Bedroom with Built in robe.
Ceiling fans in lounge room and both bedrooms.
Air conditioning.
Gas cook-top and oven.
On demand gas hot water.
Large rear under cover verandah area.
Allocated carport for parking.
Awnings to front windows for privacy and to block out the sun in summer.
Large rear under cover verandah area.
Ample size side yard and lock up tool shed.
Located close to Salisbury Central.
Built 1977
Solid Brick Construction.
Council Rates. $1096.05 PA.
Land tax $148.87 PA.
ESL $28.90 P.A.
SA Water (As below)
Supply $70.80 Per Quarter
Sewer $75.85 Per Quarter
Water Use Apportioned 16.66% per unit.
Strata Fees. Nil. Self-managed.
Sinking. Nil. Self-managed.

A superb Opportunity to acquire a terrific land holding of approximately 1825m2 of land with 6 generous home units currently tenanted.
Located only 25 Minutes from Adelaide CBD and walking distance to Salisbury Central.
This rare investment opportunity allows for the lucky purchaser to purchase 6 tenanted units with excellent rental returns with absolutely NO STRATA FEES!
Currently returning $71,110.00 approximately per annum in rental yield for the 6 units.
With ample room to improve the yield as these rates have not increased in some time.
You should seek independent advice in relation to the potential rental yields and a rental appraisal.
Furthermore, some units are currently in Fixed Term lease agreements and as such you may not be able to have their current weekly rental amounts changed until such time as allowed for under the residential tenancies act and the tenants current residential tenancy agreement.
A full list of the lease dates and amount are available upon request.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements that may occur.
Professionals Manning Vella Real Estate
RLA 281289
265 North east road Hampstead gardens SA 5086.