1-5/11 Glenburnie Street, Seaton SA 5023

An incredible investment opportunity is on offer in one of the most desirable western suburb locations with this entire 5 unit block property up for sale.

As it stands, this generous site includes 5 neat and tidy 2 bedroom apartments of open-plan living, kitchen and meal areas, sizeable main bedrooms, light-filled bathrooms and functional kitchen layouts.

Minor cosmetic updates to the existing dwellings would revitalise the unit block into an incredible high yield rental opportunity for investors. Alternatively, with a block size of 770sqm (approx.), you could completely redevelop the site (STCC) and subdivide into spectacular family homes.

Perfectly positioned between the city and the sea, this convenient and quiet pocket of Seaton has you situated 5 minutes to Grange Beach and Westfield West Lakes, less than 20 minutes to Adelaide CBD, and offers a variety of transport options with the Seaton train stop only a few blocks away.

This exclusive site is also within walking distance to Tapleys Hill Road where you'll find a string of local shops, cafés and eateries, as well as a short stroll to Pedlar Reserve or sunny walks along the beach in summer.

Such an opportunity like this very rarely come to market, so whether you are looking for guaranteed immediate rental return for an incredible investment in Seaton or a once in a lifetime redevelopment site - this is it!

Units 1 & 4 are both currently rented for $240 p/week. Offering a potential rental income of $1,200 per week.

Key Features:
• Entire unit block on offer consisting of 5 neat and tidy 2 bedroom units
• Open-plan living and kitchen areas
• Sizeable main bedrooms and light-filled bathrooms
• Incredible redevelopment opportunity (STCC)
• Grange Beach less than 5 minutes away
• Close parks, cafés and shopping precincts
• Close to public transport including the Seaton Train Station

For more information, please contact Peter Balales on 0422 146 082 or Jodie Watson on 0412 706 663.

RLA 115192