20 Augusta Street, Glenelg SA 5045

**IMPORTANT UPDATE: With the COVID-19 outbreak and Government Restrictions on Open Inspections, we are limited to Private Appointments only. To limit the impact on the current tenants, we have organised for a 360o Virtual Tour of the property. The link is available within this advertisement. If you have viewed this and the property is of interest please contact Adam or Matt to arrange a time for you to inspect.**

Located only 800 metres from the beach and boasting an impressive yearly return of more than $55,000, this is an exciting investment opportunity for developers and investors alike. This huge property is located right in the heart of Glenelg and offers a chance to enjoy a fantastic investment or undertake a new development; the choice is yours.

The original character home is bursting with charm from the picture rails to the timber doors and skirtings and ornate ceilings and ceiling roses. Modern features include air-conditioning, but the high ceilings and beautiful features and windows simply add to the appeal of this gorgeous property.

The heritage-inspired faade has been lovingly maintained while the floorplan has been divided into four apartments, generating a return of approximately $55,120 per annum.

There are two one-bedroom units set at the front of the home, both with a bathroom, kitchen and living area; perfect for professional couples or those who want to live just a short walk from the beach and local shops.

The third unit offers an expansive two-bedroom layout with a bathroom, separate laundry, kitchen, sprawling living area and a grand entrance foyer with feature columns. The final unit has two oversized bedrooms, a kitchen, a combined living and meals area and a bathroom/laundry.

Outside, a sun-drench paved patio ensures low-maintenance living and there are also two sheds already on-site (one 8.5x3m and one 2x4m) offering plenty of extra storage space.

This huge 347.19sqm home is set on a 942sqm block with the potential for sub-division (STCA). With dual access from Augusta Street and Eitzen Street, there is plenty of space to create a luxurious duplex or even a small complex of modern homes set behind a traditional heritage faade.

This exciting investment opportunity is perfectly positioned on a large corner lot just two doors down from the Bayside Village Shopping Centre, while the local Coles is 5 minutes from the front door. A host of schools are nearby including St Mary's Memorial School and Glenelg Primary School. Best of all, you can feel the sand between your toes in moments with the beach just 800 metres away.

Property Information:

CT / 5837/649
Council / City of Holdfast Bay
Zoning / Residential Character 14 - Streetscape Character (Glenelg & Glenelg North)
Year Built/Updated / 1915
Land / 942 m2
Council Rates / $1026.60 pa per unit
SA Water / Supply $75.40 Sewer $268.88 pq
ES Levy / $238.10 pa