Attention astute investors and developers! On offer is the chance to purchase this standout investment opportunity. Very rarely does the chance to purchase two adjoining semi's on a combined 958sqm allotment come to the market to make a stellar subdivision development (STCC).
Built in 1960, both homes comprise of three good sized bedrooms, a main living room as well as a combined kitchen and meals area. The kitchen comes complete with an electric cook top, oven and built in pantry and an abundance of bench and cupboard space for instant rent appeal. A reverse cycle split system has also been installed in one of the properties while both include reverse cycle wall units, adding to the growing list of items to help generate great depreciation value.
Number 17 is currently rented out to great tenants for $200 per week and with current vacancy rates in Elizabeth Downs sitting around 1.81% and yield approximately 5.85% (information sourced from realestateinvestar.com.au) you can instantly reap the rental rewards on offer. Ideally located close to nearby bus stops, Elizabeth Downs primary, Blakeview Primary, Craigmore High School and the impressive Munno Para Shopping City, this investment offers the prime position you've been looking for.
Developers act fast to secure both properties for the perfect project, offering instant dual income and a profitable divine development opportunity. With a combined land size of 958sqm (approx) on a rectangular allotment with frontage of 26.21 meters width and 36.58 meters in length (approx) this is a remarkably rare find. Furthermore, the land is level and ripe for redevelopment (STCC). You can keep the existing duplex for instant rental returns or demolish and redevelop the choice is yours.
This premier investment opportunity offers unbeatable price, position and potential! Such a stand out investment, this home is a developers dream or the perfect pick for a landlords portfolio, primed with possibilities. So do the numbers and put in an offer fast before it's gone forever. For more information, call Mike Lao now on 0410 390 250.
Want to find out where your property sits within the market? Have one of our experienced agents come out and provide you with a market update on your home or investment! Call Mike Lao now on 0410 390 250.
Council /City of Playford
Built / 1960
Land / 958sqm (approx)
Currently rented at / 17 Forrestall is currently rented for $200 per week and 19 Forrestall has been appraised at $200 per week
Want to find out where your property sits within the market? Have one of our multi-award winning agents come out and provide you with a market update on your home or investment! Call Mike Lao now on 0410 390 250.
http://raywhitesalisbury.com.au/sell/property-appraisal/
Specialists in: Andrews Farm, Angle Vale, Blakeview, Burton, Craigmore, Davoren Park, Elizabeth, Gawler, Golden Grove, Greenwith, Gulfview Heights, Hillbank, Ingle Farm, Mawson Lakes, Modbury Heights, Munno Para West, One Tree Hill, Parafield Gardens, Para Hills, Para Hills West, Paralowie, Pooraka, Salisbury, Salisbury East, Salisbury North, Salisbury Plain, Salisbury Park, Salisbury Heights, Smithfield, Walkley Heights, Wynn Vale.
Ray White Salisbury, Number One Real Estate Agents, Sale Agents and Property Managers in South Australia.
Disclaimer: Every care has been taken to verify the correctness of all details used in this advertisement. However 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.
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