Block of units was Sold  •  Sold Aug 26, 2019
$2,520,000

Fantastic investment opportunity boasting great return and highly sought-after inner city locale

380 Marion Road, Plympton, SA 5038

24 bed12 bath0 car
A prime investment opportunity is on offer comprising 12 units on one title, with a land component of 855m2. All units are complete with 2 bedrooms, bathroom and an open kitchen and living area, all in great condition.
Located in the highly desirable inner south-western pocket of Plympton, the location boasts fantastic public transport, boutique shopping precincts and many great cafes all within walking distance. With only a short drive to either the beach or the CBD, tenants will fall in love with the lifestyle, culture and convenience that 380 Marion Road has to offer.
Features we love:
- Bedrooms with built in robes
- Carpeted lounge room with reverse cycle split system air conditioning
- Kitchens with stainless steel appliances, solid timber Jarrah kitchen doors, gas cooktop and electric oven and floating timber floors
- 1 car park for each unit
The units are producing a rental income of approx. $180k per annum.
Overall, great rental return, renovations and location all work together to create a rare investment opportunity not to be missed.
Specifications:
CT / 5786/598
Council / City of West Torrens
Zoning / R"18
Built / 1971
Land / 855m2
Frontage / 16.76m

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

Property location

Main details

Price:$2,520,000Address:380 Marion RoadSuburb:PlymptonPost Code:5038Type:Block of UnitsBedrooms:24Bathrooms:12Floor Plans:View

Land Details

Area:855 m²

Schools in and around Plympton

256m from propertyPrimaryPublicNon-Denominational
614m from propertyPrimary & SecondaryPublicNon-Denominational
694m from propertyPrimary & SecondaryPrivateLutheran
1.1km from propertyPrimary & SecondaryPrivateMulti-Denominational
1.8km from propertyPrimaryPublicNon-Denominational