3 & 5 Sissman Street, Davoren Park SA 5113

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What an amazing sought-after opportunity to secure two side-by-side properties on one title, offering immediate and continued rental return and the added bonus of being on a large block of prime land with loads of development potential for the future (Subject to Planning Consents). Whatever you choose to do, this will make for a great investment for many years to come.

In a street and pocket of Davoren Park that has already undergone major regeneration and is practically complete, surrounded by new quality homes, this is one of the last original homes available and something you do not want to miss!

Set on a huge flat allotment of approximately 1,020sqm and with a whopping 28.2m frontage, this will be sure to excite a wide range of buyers. Investors can land bank while also reaping the ever-increasing rental returns in currently one of the highest growth and boom suburbs in South Australia. Developers can also let their imaginations run wild and look to one day do a future development and or subdivision and build multiple dwellings. (Subject to Planning Consents)

The properties:
Number 3 - is a three bedroom maisonette currently on a fixed lease until the 19/9/23 to a long term tenant renting for $240 per week.
Number 5 is a two bedroom maisonette currently on a fixed lease until the 17/8/23 to a long term tenant renting for $225 per week.
Currently both managed by Turner Real Estate.

Main property features include:
- No easements
- Huge 1,020sqm flat block
- Whopping 28m frontage
- Two easy care maisonettes
- Good size bedrooms
- Spacious kitchen / meals
- Separate lounge room with wall a.c
- Bathroom with separate w.c & laundry
- Huge backyards for the kids and pets to play
- Continued rental return to long term tenants

Within walking distance and surrounded by numerous parks, public transport links and John Hartley School. Spoilt for choice with nearby Munno Para and Elizabeth City Shopping Centres, restaurants, cafes & eateries and just a short drive away to Smithfield Interchange. For those that commute, you can now take the new Southern expressway and be in the city within 40 minutes!

CT / 5782 / 419
Year Built / 1965
Title / Torrens
Land Size / 1,020sqm (approx.)
Frontage / 28.20m (approx.)
Easements / NIL
Current Rental Appraisal / $550 per week approximately combined.
Local Council / City of Playford
Council Rates / $1,352.90 & $1358.95 p.a.
Es Levy / $74.50 & $74.50 p.a. (approx.)
SA Water / $338.19 p.q & $229.84 p.q (approx.)
3 - Fixed lease of $240 per week in place until 19/09/23
5 - Fixed lease of $225 per week in place until 17/08/23

Don't miss out on this great opportunity on offer. To register your interest, for further information or to be kept updated on the Best Offer campaign, please contact Xavier Davey directly on 0422 001 529.

Speak to TURNER Property Management about managing this property
#expectmore
RLA 62639