1,2,3/15 Barnett Street, Salisbury SA 5108

As national market leaders of the auction process, Ray White offices can ensure confidence in bidding from wherever you may be located. Through the use of innovative and easy to use technologies, our buyers have never been more prepared to bid at our auctions across the nation. Speak to the our team if you are requiring assistance registering or bidding from interstate or remotely, as we are here to help.

Ray White Angle Vale | Elizabeth and Callan Lister are proud to present this outstanding buying opportunity in the heart of the growing suburb of Salisbury. Set close to shopping centres, public transport, medical centres and only 20 Minutes from Adelaide CBD, this is the perfect property for the keen investor.

This rare investment opportunity allows for the lucky buyer to enjoy the flexibility to buy a tenanted block of units with excellent rental returns with absolutely NO STRATA FEES as well as a vacant sub-dividable or developmental block (STCC) approx 13.5m x 18.6m (251sq.m) in size (independent surveying required to confirm), perfect for a stand alone dwelling or extra units to increase earning income of the overall site.

The double brick built complex is set on a huge parcel of land measuring 808m2 (approx). Nestled amongst other residential dwellings, this land offers flexibility when it comes to future development. The versatile block offers the buyer many future options, whether is be buying and holding to enjoy the high rental yield, or whether it be developing the entire corner block site.

UNIT 1:
- Tenanted to long term tenant at $250/week
- Updated kitchen with gas appliances
- Generous living space
- Split system air conditioning
- Spacious bathroom
- Security doors
- Private courtyard setting

UNIT 2:
- Tenanted to long term tenant at $245/week
- Updated kitchen with gas appliances
- Generous living space
- Split system air conditioning
- Spacious bathroom
- Security doors
- Private courtyard setting

UNIT 3:
- Tenanted to long term tenant at $245/week
- Updated kitchen with gas appliances
- Generous living space
- Split system air conditioning
- Spacious bathroom
- Security doors
- Private courtyard setting

Over all, the numbers speak for themselves. The complex generates approx. $38,480/year with no strata fees dragging down the rental yield.
Tenants pay for supply and usage of water.

The separate clear block is a perfect opportunity for the buyer to subdivide (STCC) or build another dwelling to rent out making the property generate even more income.

This unique opportunity will not hang around long and epitomises hassle free investing.

Do not hesitate to call Callan Lister on 0412 388 183 for more information.

Buying a property at Auction is an easy and exciting process for any buyer. Talk to the team at Ray White Angle Vale | Elizabeth about how we can work with you and your finance broker to get you 'Auction Ready' and ensure you do not miss this brilliant buying opportunity.

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 representative is given or made as to the correctness of information supplied and neither the owners nor 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.