*For an in-depth look at this home, please click on the 3D tour for a virtual walk-through or copy and paste this link into your browser*
Virtual Tour Link: https://shorturl.at/gLZzY
To submit an offer, please copy and paste this link into your browser: https://www.edgerealty.com.au/buying/make-an-offer/
Mike Lao, Tyson Bennett and Edge Realty RLA256385 are proud to present to the market this rare investment opportunity to purchase a block of three tenanted units, perfectly situated on a spacious 710sqm approx Torrens Titled block in a highly sought-after location. With stable rental income already in place and significant potential to add value through modern updates, this property is ideal for savvy investors looking to capitalize on the current strong rental market.
Each solid brick unit boasts a practical 2-bedroom layout, complemented by an open-plan family room featuring easy-care tiled flooring for low-maintenance living. The kitchens are equipped with gas cooktops, ovens, and U-shaped benchtops, ensuring functionality for tenants. Reverse cycle split-system air-conditioning flows seamlessly through the open-plan family and meals areas, offering year-round comfort. The central bathroom in each unit includes a combined shower-bath, toilet, and laundry facilities, providing essential convenience for residents. Outside, each unit enjoys a small paved patio, offering private outdoor space for relaxation.
Key features you'll love about this home:
- Solid brick construction
- 3 low-maintenance units with tenants already in place
- Split-system air-conditioning in the open plan living
- Rainwater tank at Unit 3
- Instant gas hot water
- Off street parking for 3 cars at the front of the complex
The property's location is a major drawcard, with easy access to a range of amenities. A short walk to the local bus stop ensures convenient public transport options, while the nearby Salisbury Highway allows for a smooth commute to the Adelaide CBD in under 40 minutes. Shopping needs are well catered for with Parabanks Shopping Centre and Drakes Salisbury North just minutes away. Families will appreciate the proximity to quality educational facilities, including Salisbury North R-7 Primary School and Paralowie R-12 School, making the units highly appealing to a broad tenant demographic.
With the potential to increase rent in the current rental market and the opportunity to enhance value through modern updates, this property is a solid addition to any investment portfolio. Whether you're a seasoned investor or new to the market, this is your chance to secure a high-demand property with outstanding growth potential.
Call Mike Lao on 0410 390 250 or Tyson Bennett on 0437 161 997 to inspect!
Year Built / 1974 (approx)
Land Size / 710sqm (approx - sourced from Land Services SA)
Frontage / 23.47m (approx)
Zoning / GN-General Neighbourhood
Local Council / City of Salisbury
Council Rates / $1,620.58 pa per unit (approx)
Water Rates (excluding Usage) / $662.20 pa (approx)
Es Levy / $123.80 pa (approx)
Estimated Rental / $390-$420 pw per unit
Title / Torrens Title 5405/124
Easement(s) / Nil
Encumbrance(s) / Nil
Internal Living / 156.3sqm (approx)
Total Building / 165.3sqm (approx)
Construction / Solid Brick
Gas / Connected
Sewerage / Mains
Selling Investment
For additional property information such as the Certificate Title, please copy and paste this link into your browser: https://vltre.co/muWokF
If this property is to be sold via Auction, we recommend you review the Vendors Statement (Form 1) which can be inspected at the Edge Realty Office at 4/25 Wiltshire Street, Salisbury for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts. Please contact us to request a copy of the Contract of Sale prior to the Auction.
Want to find out where your property sits within the market? Receive a free online appraisal of your property delivered to your inbox by entering your details here: https://www.edgerealty.com.au/
Edge Realty RLA256385 are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing is recommended and all attendees will be required to check-in.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
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