22 Burra Street, Port Wakefield SA 5550

ONLINE AUCTION 6TH APRIL 2022 @6PM UNLESS SOLD PRIOR

This incredible investment opportunity, located in the heart of this amazing coastal town is offered to the public.

Consisting of 5 separate units, these Port Wakefield cottages offer multiple revenue streams. All units have a different floor plan and feel. Carry on renting them separately in fixed long term or maybe consider short term or casual nightly stays, the opportunity is yours for the taking.

LEASES CURRENTLY
UNIT 1
• 4 bedroom
• 1 bathroom
• Laundry
• Updated kitchen
• Formal living
• Current fixed term lease until 6/2/2023 for $420/week

UNIT 2
• 3 bedroom
• 1 bathroom/laundry
• Kitchen/dining
• Formal living
• Current fixed term lease until 15/11/2022 for $270/week

Unit 3
• 3 bedroom
• 1 bathroom/laundry
• Kitchen/dining
• Formal living
• Current fixed term lease until 12/7/2022 for $250/week

Unit 4
• 1 bedroom
• 1 bathroom/laundry
• Formal living
• Kitchen/Dining
• Current fixed term lease until 26/8/2022 for $200/week

UNIT 5
• Studio bedroom
• Open kitchenette/dining/lounge
• 1 bathroom
• Laundry
• Current fixed term lease until 4/7/2022 for $200/week

These properties are ready to go and it is a walk-out, walk-in scenario.

Additionally one of the buildings is currently leased to a commercial business with approximately 3 years remaining on the fixed lease at approx $11000/annum (please contact for more details).

With an abundance of vacant land on this allotment there is definitely potential for further development (Subject To Planning Consent).

You do the figures. When have you seen a better investment opportunity?

For further details please contact Rachel Lawrie on 0428 882 864 or email [email protected] RLA 281212