1-4/15 Simpson Parade, Goodwood SA 5034

Discover an exceptional investment opportunity in the heart of Goodwood. This solid brick group of 4 units, situated on a generous 631sqm (approx.) allotment, promises not only immediate returns but also future potential. With the added benefit of potential dual street access from rear Przibeilla Lane, this property is perfectly positioned to maximize both appeal and value.

Features and Benefits
• Current Rental Income: $91,520 per annum with potential for future yield increase
• Unit 2 & 4 has new kitchen and bathrooms, new floor coverings & fresh paint, Unit 3 has updated kitchen & bathroom, Unit 1 only updated Kitchen
o Two bedrooms per unit
o Mix of new carpet or timber-look flooring in units 2 & 4
o Updated communal laundry with washing machines
o Undercover carports for all units

Prime Location
Situated on the city fringe in a leafy pocket of Goodwood, this property is within walking distance to the tram into the CBD or down to Glenelg. Enjoy the convenience of nearby schools, universities, shops, boutiques, restaurants, and many other amenities.

Lease Details
• Unit 1: $380 per week - Fixed term lease until 11/11/2024
• Unit 2: $480 per week - Fixed term lease until 12/05/2025
• Unit 3: $410 per week - Fixed term lease until 12/08/2024 (tenants will vacate)
• Unit 4: $490 per week - Fixed term lease until 17/03/2025
Current Total Income: $1,760.00 per week

Property Details
• CT: 5494/458
• Council: City of Unley
• Zoned: Established Neighbourhood
• Year Built: 1966
• Land Size: 15.24m x 41.45m
• Council Rates: $3,908 per annum (for all 4 units)
• SA Water Rates: $448.26 per quarter ($1,793.04 per year, usage shared by tenants)

Why This Property?
This investment is a rare find, offering a blend of solid construction, modern amenities, and an enviable location. The ongoing renovations ensure the units remain attractive to tenants, while the spacious allotment and potential dual street access open up a range of future possibilities. Secure your future with this unique opportunity in one of Goodwood's most sought-after neighbourhoods.

Don't miss out on this unique investment opportunity!

Contact us today to arrange a viewing and for more information.