Under Offer  •  House for Sale  •  36 days on Homely
$399,000.00 - $426,000.00

Rare education investment opportunity

2 / 370 Forresters Road, Hallett Cove, SA 5158

4 bed2 bath1 car
2/370 Forresters Road, Hallett Cove, S.A. 5158

Rare education investment opportunity with government guarantee in the seaside suburb of Hallett Cove
This Torrens titled home is situated on 817 square metres in a relatively quiet, residential street within the school grounds of Hallett Cove East Primary school. It originally consisted of 4 bedrooms, 2 bathrooms, lounge, dining, kitchen, family room and laundry and has been customised into 2 large, open plan classrooms, entry, storage room, office and amenities. The home has a paved rear area, two verandahs and a carport and is surrounded by quality fencing.

This property has a government lease with the Department for Education S.A until 27th August 2020, with another 5 year lease after this date. The expectation is that the lease will continue long term as the school has growing enrolments. This investment is great for property investors, or those looking for a good investment with their own super funds. The current rent is $23 076 p.a and increases annually as it is indexed to CPI. Council rates are subsidised ($84 per quarter) and all maintenance is carried out by the school. It is a set and forget investment. The property is zoned residential.

This type of investment does not come along every day and rarely stays on the market long. Please be sure to secure this opportunity quickly. You can have peace of mind with a government lease that will grow with minimal input, unlike other rental investments. A comprehensive valuation report providing a detailed overview of this investment is available. Please call Andrew Milne from Future Realty SA for more information.

Property location

Main details

Price:$399,000.00 - $426,000.00Address:2 / 370 Forresters RoadSuburb:Hallett CovePost Code:5158Type:HouseBedrooms:4Bathrooms:2Car Spaces:1Floor Plans:View

Land Details

Area:817 m²

Additional Features

Open Spaces:1

Schools in and around Hallett Cove

92m from propertyPrimaryPublicNon-Denominational
947m from propertyPrimary & SecondaryPublicNon-Denominational
1.0km from propertyPrimary & SecondaryPrivateLutheran
1.4km from propertyPrimaryPublicNon-Denominational
1.8km from propertyPrimaryPublicNon-Denominational