4 Penfold Road, Magill SA 5072

Auction Saturday 12th March at 12pm - Unless Sold Prior

This unique, large and updated seven bedroom 1965 family home is set on the high side of the road on a fantastic corner allotment of approximately 1240sqm of prime land. This property offers you flexibility like no other and the options are endless. Situated in a great convenient location close to all amenities and just 8kms to the Adelaide CBD, this is an opportunity not to be missed.

Currently the property is periodically tenanted and has a combined income of $760 per week. The home is split into three self-contained compartments, units one and three with three bedrooms and unit two with two bedrooms. It also has the option to open up and change the configuration or return back to one large family home if you wish.

Suitable property for investors to keep as a long-term investment and land bank for the future. Developers and builders looking to do a subdivision (STCC) and build multiple dwellings, live in the home as is and or for someone just looking for the perfect block to one day build their big forever dream home in a great location.

Take your time to make your grand plans as you have the luxury of the property being rented out and tenanted for as long as you need. Whatever you choose to do, this will be a great investment that will serve you well for many years to come.

The features include:
- No easements
- 1,240sqm of prime land
- Subdivisional potential to build multiple dwellings (STCC)
- Great convenient location
- Solid brick
- Current rental income of $760 per week
- Three self contained areas of the home
- Bedrooms with built-in robes
- Split system heating and cooling throughout the home

Within walking distance to Magill Primary School, Uni SA Magill Campus, Tower Hotel, local shops, cafes and eateries you will just love the convenience. Only a short drive away from the prestigious Penfold Estate and Norwood Parade for all your shopping and entertainment needs and a huge choice of eateries and restaurants.

Surrounded by quality public and private schooling options including Norwood International High School, St Joseph's and Rostrevor & Pembroke College. Easy access to transport on Magill road and perfectly located being only a short 8km trip to the CBD.

To register your interest, for more information or to be kept updated on the Auction campaign, please contact Xavier Davey by email or phone directly on 0422 001 529 to discuss further.

CT / 5350 / 609
Built / 1965
Council / Burnside
Council Rates / $1,746.80 p.a (approx.)
SA Water / $448.09 p.q (approx.)
ESL / $190.05 p.a (approx.)
Land / 1240sqm (approx.)
Current rent / $760 per week

The Vendor's Statement (Form 1) will be available for perusal by members of the public:-
(A) at the office of the agent for at least 3 consecutive business days immediately preceding the auction; and
(B) at the place at which the auction is to be conducted for at least 30 minutes immediately before the auction commences.

Speak to TURNER Property Management about managing this property
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*COVID Information for Attending an Open Inspection:
Turner Real Estate is limiting the number of people attending opens at any one time. We ask that you remember to bring a mask to all open inspections and check in at the door with our QR code.

At times, there may be more people at the property than we can allow through at once. Please be patient with us as we work within the Government regulations and make sure there is a COVID safe environment for all attendees. We know this may take more time than a normal open and will allow for that. Where there is a longer time slot for viewing, consider coming later in the timeslot – we will be there for the full duration of the advertised open time.