1-6/380 Morphett Road, Warradale SA 5046

6 Units on 1 Title in Popular Suburb

Rarely offered group of solidly built units on generous land parcel of approx 1388sqm. Currently all tenanted and returning approx $70,000 per annum.

Opportunities abound with this great investment. Currently comprising 6 cream brick units featuring 2 bedrooms, formal living, central bathroom, functional kitchen and separate laundry, well maintained grounds and undercover parking area for all vehicles. Zoned Residential Policy Area 13 to The City of Marion offering investors, developers, speculators possibly smaller supported accommodation or affordable housing operations options into the future (subject to normal consents). Alternatively you could refurbish and community title individually to add value.

The position is outstanding for the infrastructure surrounding this group is second to none and includes local buses and the newly upgraded Oaklands Park Train Station within walking distance. The world class SA Aquatic Centre along with the Domain multi-level Medical Centre and Westfield Shopping precinct all within 5 to 10 minutes. Great local shopping, recreation and a little further to Flinders Medical Centre, Glenelg, the beach, airport, Adelaide CBD and a host of other great facilities make this ideal long term.

Property will not get any easier to acquire into the future and this is a rare and outstanding holding that commands you attention.

Property Details
Certificate of Title Volume 5628 Folio 32
Council: City of Marion
Zoning: Residential Northern Policy Are 13
Land Size: 1,388sqm

For further information please contact Peter Hurcombe.

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RLA 182909