4 South Terrace, Salisbury SA 5108

BACK ON THE MARKET DUE TO BUYER UNABLE TO FOLLOW THROUGH.

THE ONLY INSPECTION AVAILABLE IS MONDAY 14TH NOVEMBER, 3.30 -4.15PM

PLEASE SUBMIT OR RESUBMIT YOUR NEW OFFER BY 5PM WEDNESDAY 16TH NOVEMBER. SEND YOUR EMAIL THROUGH THE PROPERTY LINK FOR OFFER FORM AND TO KEEP UPDATED ON THIS AND SIMILAR PROPERTIES.

** WOULD YOU LIKE A SALES APPRAISAL TO HELP WITH YOUR REAL ESTATE PLANS?

Held tightly by the same owner for over 20 yrs it is now time to pass this very rare earth on to the next savvy investor, developer or extravagant homeowner.
This 1971 block of six attached units with a rental income until May 31st 2023 comprises of three lots of one bedrooms and three lots of two bedrooms. The potential to upgrade, upsize or completely redevelop during the next period of time is where your best avenue of a healthy return on your investment will come from.
If upgrading the units, it could be done in stages to maintain your rental incomes. If redeveloping, you could renew leases while you decide how to proceed and lodge your development plans with Salisbury Council for any consents. If you want to build a mansion, that option is also worth considering. Maybe you build on half and sell some smaller allotments as land or built homes via any approved subdivisions. The are many choices which makes this opportunity such a fantastic one.
But wait.. There actually is more !!!!

What about the location !! Being so close to Parabanks Shopping centre, all of the local speciality shops, Cinema, public train and bus, Jubilee, Pitman and Pioneer Parks, TAFE Campus and so much more, make this such a user friendly and liveable space.
Make your development enquiries to the planning department of Salisbury Council for accurate information and feedback on what you can do with this wonderful piece of land of over 1500m2. The land is zoned residential - general neighbourhood and has no easements, and the attached units are all currently on one title.
There are separate council rate reference numbers for each unit. Most of the tenants have been there quite a long time which is a testament to the ease of amenity access in this suburban location.

Year Built: 1971
Land Area: 1,510 sqm (approx)
Council: City of Salisbury
Council Rates: $1,090.25 p.a. per unit
SA Water: $183.17 p.q.
ESL: $156.85 p.a.