555 Cross Road, Plympton SA 5038

SOLD...... "THE CASTLE" as it is historically known, is for sale!

This Iconic Stone fronted 1950s unit complex, located on the corner of Belgrave Street, comprises 6 spacious 1 bedroom units & 1 large 2 bedroom unit & is currently generating an approximate income of $80,000. As they are all on the one title, it presents as a superb opportunity for long term investors, developers & ideal for those self-managed super funds (subject to independent advice).

The accommodation in all units is spacious & zoned comprising separate kitchen/meals areas, good size bedrooms & bathrooms & separate living rooms.

The units also feature Jarrah floorboards, some with updated kitchen & bathrooms (unit 1 & 7), wall unit reverse cycle air conditioners, rendered internal walls, all electric kitchen appliances & individual hot water services, compliant fire walls & some car parking.

Outgoings for this property are very modest with water rates & usage currently paid by the vendors, & rental history is documented & available for viewing.

There are many opportunities that are presented here with options to maintain the current status, upgrade & sell now or in the future, lock your money away & enjoy a healthy return or even develop, subject to council consents.

Please contact Agent for Inspection
Year Built: 1955 & Land size: 820 sqm approx.
Council: West Torrens Residential Policy Area 18
Council Rates: Unit 1 $882.85pa & Unit 2 to 7 $880.30pa each
Water Rates: $281pq
Expressions of Interest