EXPRESSIONS OF INTEREST BY FRIDAY 12 PM 24TH JANUARY 2025 (UNLESS SOLD PRIOR)
Ray White Mt Gambier is pleased to present 27A Tolmie Street, Mount Gambier, for sale. This is a unique listing that offers multiple opportunities for investors. The property for sale comprises four separate units with private gardens, secure parking under the main roofs, and modern facilities. The location of the apartments is ideal for visitors, short and long-stay holidaymakers and fly-in workers.
The complex sits close to the Crouch Street and Wireless Road intersection with childcare, shopping centres, dining options, plenty of amenities, and tourist attractions nearby.
The property is being sold as a complete, modern apartment complex comprising three two-bedroom and one three-bedroom apartments. There is also the opportunity to buy the apartments individually, with all four currently rented for holiday lets attracting an impressive income stream.
3/27A Tolmie St and 4/27A Tolmie Street are identical with reverse layouts, while 1/27A Tolmie St has an alternate layout with bedrooms overlooking a private courtyard.
Apartments 3 and 4 offer a comfortable carpeted entry, a front-facing kitchen, an open-plan lounge room, and a dining room. Their kitchens are equipped with stylish cabinetry including a pantry, vinyl flooring and large bay windows overlooking green spaces. Appliances include stainless-steel electric wall ovens, 600mm induction cooktops and dishwashers for convenience. White-tiled splashbacks sit between overhead and under bench cabinetry that provides plentiful storage.
Apartment 1 has a comparatively different kitchen that sits adjacent to the laundry room. It offers a sink that looks onto the side garden, vinyl flooring, contemporary cabinets with black marble-look worktops, and a 600mm induction cooktop with an electric, under-bench oven. It looks directly onto the lounge room and dining space that both benefit from pendant lighting.
All units feature spacious living rooms that are comforted with wall-mounted gas heating and ducted air. The living room in unit 3 and 4 accesses the laundry, pergola and a hallway connecting the bedrooms and bathroom.
The bedrooms are spacious and offer built-in robes. They are carpeted for comfort, and offer private, contemporary window coverings. Bedroom one is front facing, and bedroom two faces the rear, respectively. A stylish modern bathroom is conveniently located between the bedrooms, and each offers a stylish glass shower (all frameless except for apartment one), a bath, a vanity unit and a separate toilet for privacy. These bathrooms are designed with visitors in mind featuring large, easy-clean white and grey tiles and wall-mounted hair dryers. Thoughtful, practical and universally appealing.
Each apartment offers an alfresco dining space and a small, grassed garden surrounded by private fencing, and each has a secure garage under the main roof.
Apartment 2 is constructed of solid stone with brick veneer and boasts high ceilings and timber laminate flooring in the communal areas. It is the largest of the properties, with three good-sized bedrooms, a larger kitchen with modern cabinetry, a large timber deck pergola/alfresco dining space and a double garage with twin roller doors. The kitchen/dining area also benefits from a gorgeous gas log heater. The outdoor area is perfect for enjoying all year with enclosable blinds, stunning ceramic planters and a rainwater tank. It also offers a large shed at the rear, which backs onto a vacant allotment with lots of green space. Each unit benefits from the privacy and security of quality fencing with lovely green garden nooks, making the most of every available space.
Additional benefits of this spacious apartment include step access to the garden from the laundry, which offers a linen press and a wash trough. The adjacent bathroom has a luxury spa bath to enhance the guest experience with modern finishes, a frameless glass shower, and a separate toilet again for privacy. The living room also offers reverse cycle air-conditioning for button-touch comfort throughout the communal areas.
Each of these apartments would make a fantastic investment individually, but there is an incredible opportunity to purchase this property as an entire complex with many attractive, low-maintenance features surrounding the brick-built units. The sense of community within this well-maintained complex is a selling point for investors. The high spec finish and details such as bay windows, luxury appliances, secure garages and lovely outdoor spaces make this an incredibly enticing entry to the market with fantastic earnings from holiday lets or long-term rentals.
Contact Tahlia and the Ray White Mt Gambier team today to learn more about this unique opportunity in central Mount Gambier. Phone directly to book your viewing. RLA 291953
Additional Property Information:
Age/ Built: 1996
Land Size: 1,407 m²
Council Rates: Approx. $407.41 per quarter for each unit.
Land Size: not including common areas -
Unit 1/27A Approx. 313m2
Unit 2/27A Approx. 370m2
Unit 3/27A Approx. 269m2
Unit 4/27A Approx. 281m2
Rental Appraisal: A rental appraisal has been conducted of approximately
Unit 1/27A: $340 - $360 per week
Unit 2/27A: $370 - $390 per week
Unit 3/27A: $340 - $360 per week
Unit 4/27A: $340 - $360 per week
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