Auction Saturday 15th of May at 10:30am On Site and via Online
Gavl Auction Link: https://x5u9a.app.goo.gl/cCV7
101 Kenilworth Road & 18 Foster Street
• A 1910 Classic Character Villa
• & Separate Fully Self- Contained Apartment on one block with 2 street frontages & 2 driveways
A total of 5 bedrooms, 3 bathrooms & 3 living spaces
All 3.3km to Adelaide's CBD & all-in popular PARKSIDE!
Ample opportunities - here are a few suggestions…
1. Run the properties as the accommodation businesses they already are, the tenants are fabulous & it returns $960.00 per week in total for all 5 tenancies.
2. Make the Villa your dream home with a business in the apartment (accommodation or consulting rooms)
3. Use the whole home and apartment for your own family - as the vendor previously did, with a grown-up child in the apartment.
4. Knock it all down and start again (Subject to Council Approvals & Consents)
5. Live on-site & run the businesses.
• So many opportunities, & only limited by the imagination!
The 1910 Traditional Sandstone Villa - features 4 bedrooms & 2 bathrooms…
A flexible floor plan offers our buyer different opportunities. As a home, as a rental investment, or a little of each…
Previously lived in by our vendor's family, but currently being run as a lucrative lodging house with 4 separate tenants in the Villa. Each tenant has their own room and access to the shared spaces, the kitchen, living spaces, bathrooms, laundry, the garden, and the driveways.
The front rooms are large with a central hallway, villa floorplan & high ceilings. There are feature fireplaces in 3 of the rooms along the Southern side of the home & two of the bedrooms feature enormous built-in robes.
The Master bedroom boasts one of the 2 large built-in robes & direct access to the main bathroom via a small hallway behind the kitchen.
The Vendor previously used the front room on the Southern side as a living/music room. This space had previously been a corner store & thus features doors which open into the front garden. This pretty garden is party secluded behind a fence, showcasing the white roses and lavender & affording privacy to watch the sun vanish in the evenings to the West. Something the vendor often did when in residence!
Beyond the traditional 4 large rooms to the front of the home, the rear of the Villa opens into the living, kitchen, dining space overlooking the pretty rear low maintenance garden with its side Northerly aspect.
• The tenants are paying either $165 or $160 per person and they share the utility expenses fairly between themselves.
The Apartment was utilised as an Airbnb pre-COVID 19 but currently has a periodic tenancy in place with a reliable & fastidious tenant. This space was tastefully renovated from floor to ceiling in September 2019 & it looks great. The current tenant pays $310.00 per week rental. Pre COVID-19 the income was much higher & could be again, depending on the purchaser's plans.
The apartment features a kitchen, living & dining area, 1 bedroom & a bathroom. There is a separate street frontage to Foster Street with a picket fence & garden separated from the Villa's garden by a fence. Foster Street is blocked to Kenilworth Road on the corner, meaning the street is only used by local traffic & there is ample parking right at the front door.
• Current weekly income from all tenancies = $960.00
• Council information - City of Unley
• Council Rates $610.00 per quarter approx.
• CT 5261/643
• Zone /Policy/Precinct EN Established Neighbourhood
Building Style Villa 1910, Sandstone
A beautiful neighbourhood - surrounded by qualify homes & every convenience. Handy to local shopping, public transport & lovely local schools, both public & private.
Call Megan Tamlin today 0413 027 669 for further details
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