Are you ready to seize a fantastic investment opportunity in the vibrant Suburb of Port Adelaide? We are pleased to present three separate tenancies, to be sold as one, offering a unique and potentially lucrative investment package.
1. Residential Bliss with Rental Potential:
Two of these three allotments feature modern 1-bedroom apartments that offer the perfect blend of comfort and convenience.
Apartment 1 currently generates a rental income of $395 per week currently on a periodical lease, while Apartment 2 boasts a rental yield of $450 per week currently on a fixed term lease until Sep 2024. These properties are in high demand, ensuring a steady stream of income for the savvy investor.
2. Commercial Space with Reliable Rental Income:
The third allotment houses a versatile commercial space that's currently leased at $600 per week. With an established tenant in place, you can enjoy consistent rental returns from day one or have the option to purchase this as vacant possesion.
Both Apartments Feature:
Inviting Living Space: As you go up the stairs to the second floor, you'll be welcomed by a spacious and inviting living area on the ground floor, designed to create a seamless blend of comfort and functionality.
Chef's Dream Kitchen: The well-appointed kitchen on the second floor is a true chef's dream, featuring sleek cabinetry, quality appliances, and ample counter space for your culinary adventures.
Private Balcony: Step out onto your private balcony, accessible from the second-floor living area, where you can savor your morning coffee or unwind after a long day while enjoying a peaceful spot to take in the surroundings.
Tranquil Bedroom Retreat: Your generous bedroom is located on the first floor, providing a haven of tranquility. It offers ample closet space and plenty of room to relax, rejuvenate, and make it your own. The bedroom features a walk in robe and a contemporary ensuit with stylish fixtures and a soothing ambiance.
Single-Car Garage: For added convenience and security, this apartment includes a single-car garage space, ensuring your vehicle is sheltered from the elements and easily accessible.
Nestled in the heart of Port Adelaide, these properties benefit from a strategic location that's close to the scenic riverfront. Your tenants can enjoy leisurely walks along the river, local dining, and a host of amenities, all within easy reach.
Investment Potential:
Whether you're a seasoned investor or just starting in the real estate market, this offering presents an excellent opportunity to grow your portfolio. The combined rental income from these properties provides a solid foundation for a rewarding investment.
Endless Possibilities:
With multiple income streams total and the potential for capital appreciation, these properties offer versatility and potential to customize to suit your investment goals.
Don't miss out on this chance to secure a prime investment in Port Adelaide's thriving real estate market. Contact us today to arrange a viewing and explore the endless possibilities that await with this unique property offering.
31a Mclaren Parade- $395 per week- Periodical lease
31b Mclaren Parade-$450 per week- Fixed term lease until Sep 2024
31 Mclaren parade- $600 per week- This has an option to purchase with vacant possession
Total- $1,445 per week or $75,140 per annum
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