426 Payneham Road, Glynde SA 5070

THE BEST THING IS... THE PRESENT OPPORTUNITY. Currently the property is set up as 3 individual home units and based on our market research and the recent rental return, we believe a potential total rental return of $800p/wk is achievable. Approx $41,000 per year!

Opportunities like this don't come along often. Properties on Payneham Road close to CBD have a great potential for capital growth for the future. High exposure. ZONE 1.1-MEDIUM DENSITY DEVELOPEMNT POTENTIAL WITH COMMERCIAL MIXED USE POTENTIAL. (STCC)

The property is set up as 2 units with 4 lock up garages on the lower level and a penthouse 2 bedroom unit on the upper level. Potentially the upper level unit could be used as a home business set up and rent the lower level units out for a solid income.

The property sits on approximately 655m2 of prime land and has a drive straight in access to the 3 front garages with extra carparking in front plus a side driveway to the garage and extensive land at the rear of the property.

-All units are completely self-contained with separate electricity meters.

-New carpets.

-Just repainted.

-Immaculate condition.

-All with air conditioning.

-Solid brick construction.

-5kms to the city.

-Bus stop conveniently located right in front of the building which takes you straight to Adelaide Uni in only 15 minutes.

-Close to shops.

-Close to excellent schools.

-5kms to the universities - great for student accommodation/rentals.

-Future development.

-Perfect superannuation investment.

-ENDLESS POTENTIAL!

Take advantage of this positive opportunity. Set yourself up for the future and reap the rewards.

Get excited!

THEON BRUSE 0419 816 470


Information
Certificate of Title: Volume 5825 Folio 684
Council: City of Norwood, Payneham & St Peters
Zoning: Residential/ 1.1 - Medium Density
Council Rates: $1005.13 per year (approx.)
SA Water Rates: $268.40 per quarter (approx.)
Emergency Services Levy: $455.70 per year (approx.)
Year Built: 1963
Land Size: 655m2 (approx.)
School Zoning: Felixstow Community School & Charles Campbell College


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.