16 Murray Street, Kingscote SA 5223

Located in the heart of Kingscote, and within a 400 metre walk of the main street and foreshore region.

Offering 5 units on one title, each 2 bedroom of which 2 have been renovated with new kitchens and living area.

Currently all units are let to long term residential tenants providing a gross income of approx $43,460 pa, hence offering a 8.8% gross return.

The rental breakdown is currently as follows;
Unit 1 - $170 per week
Unit 2 - $160 per week
Unit 3 - $160 per week
Unit 4 - $160 per week
Unit 5 - $170 per week

The property is of solid brick construction and low maintenance. Each unit is individually metered for electricity but shares the same water meter and tenants are billed individually for this. The property is currently under management by our office at Century 21.

Under cover car parking is provided and the allotment offers an additional area that could be made into recreational space for the tenants.

The ideal investment, well suited for consideration into a Self Managed Superannuation Fund.

Floor plan coming soon!

For more information contact Michael Barrett on 0427 727 333.