171-173 Young Street, Parkside SA 5063

171-173 Young Street Parkside is a rare offering. An ideally located pair of self-contained maisonettes in one of Adelaide's premiere blue chip suburbs.

The site and immediate location speaks for itself; loaded with character, exceptionally close proximity to the CBD, surrounded by elite schooling and the convenience of having boutique shopping and popular restaurants close by.

Built in 1900 these symmetrical cottage style maisonettes come on a single title and stand as neat 2-bedroom residences with a central living room and the kitchen, dining and bathroom located at the rear.
Each feature a great size yard and secure parking accessible via Dunks Lane.

Conservatively tenanted, by long term tenants, at $330-$340 per week. There is also a third tenancy in place, seeing a small amount of land at the rear (parking for 5-7 vehicles) rented to a local business at $480 per quarter.
As a whole, the rental return is approximately $707 per week.

While in very liveable condition as they are, these properties would respond well to a cosmetic renovation to bring them up to speed with today's trends.

You may want to separate them onto two titles, or there may be potential to use these properties as commercial office space (both subject to necessary council consents and approvals) - the possibilities are endless.

On offer is a rare and valuable buying opportunity in a high-profile location - an opportunity not to be missed!!

Features:
* Zoned for Glenunga International High School
* Charming character facade
* High ceilings
* Decorative fireplaces
* 2 good size bedrooms (per property)
* Central living area with spilt system AC
* Good size kitchen with gas cooking and plenty of storage
* Bathrom with bath/shower
* Dining area or study at rear
* Polished floor boards (in 173 only)
* Fully enclosed yard with lawn
* Shed space for storage plus garage with lane access

Tenancies:
171 / $330 per week, expires 14/03/18
173 / $340 per week, expires 16/07/18
171C (land at rear) / $480 per quarter, expires 18/12/18

Specifications:
Frontage / 12.19m (11.74m at rear)
Depth / 58.22m
Land / 696.5 sqm (approx.)
Year Built / 1900
Council / City of Unley
Rates / $2,216.10