3/2D Prescott Terrace, Toorak Gardens SA 5065

Located in the leafy streets of Toorak Gardens is this large solid brick strata titled unit which offers the ideal opportunity to invest in this blue chip suburb. This fabulous property will appeal to a broad range of buyers - first home buyers, downsizers and investors.

Features include:
- Huge lounge/dining with reverse cycle air conditioner
- Two large bedrooms, main with built in cupboards
- Modernised kitchen with range hood and dish drawer dishwasher
- Updated bathroom
- Linen press
- Floating timber floors throughout
- Double glazing
- Security doors and screens
- Delightful garden setting
- New external awnings
- Lock up garage
- New fencing around group
- Adjacent to bus stop 4
- Currently tenanted until June 2019 @ $360pw
- Strata fees $268 pq
- Built 1959

This fabulous unit is close to prestigious schooling and walking distance to Victoria Park, The Parade, Dulwich Shopping Centre and the city with Burnside Village close by. Here is the perfect opportunity to secure an enviable lifestyle in one of Adelaide's most tightly held locations with its blend of cosmopolitan convenience.


FINANCE SNAPSHOT

INVESTORS - This property may be negatively geared, with an estimated cost of $35 per week to hold this property.
HOME BUYERS - Loan repayments are $317 per week

Assumptions
o Purchase price of $320,000
o Investors joint income of $100,000
o Interest rate of 5% at 80% LVR
o Rental income of $360 per week
o All figures are estimates for modelling purposes only and may not reflect the true position or take into account all variables with this property or your personal situation. This information is not to be relied upon and we highly recommend you seek independent advice before making a decision to purchase.

Contact Nick Bartel from Johnston Grocke for finance advice on 8303 0300

(You should assess the suitability of any purchase of the land or business in light of your own needs and circumstances by seeking independent financial and legal advice.)