5a & 5b & 5c East Terrace, Nailsworth SA 5083

This unique investment property with high income yield is ready and waiting for an astute investor. Located in the heart of Nailsworth, in a quiet tree lined street, opposite Prospect Gardens Narnu Wirra Park, that has a playground, tennis courts and Prospect Petanque club.

Consisting of 3 separate homes on 1 Title.

5A East Terrace:

- Two storey home
- 4 double bedrooms with built in robes
- Lounge room
- Large eat in kitchen
- 2 bathrooms
- Separate laundry
- Ducted evaporative air conditioning
- Carport
- Rear yard
- Currently leased @ $509 per week, tenanted until 16/2/18

5B East Terrace:

- 4 large bedrooms 2 with built in robes
- Updated kitchen with granite bench tops
- Separate lounge and dining
- Bathroom and separate laundry
- Ducted evaporative air conditioning and split system air-conditioner
- Carport
- Currently leased @ $440 per week, tenanted until 27/3/18

5C East Terrace:

- Single storey detached 2 bedroom homette
- Open plan kitchen meals and living room
- Master bedroom has walk in robe and ensuite
- Separate bathroom
- Laundry
- Reverse cycle split system
- Carport
- Large storage rooms
- Rental potential $340 per week
- Air BnB potential

Set on 836m2 land size (approx.) in a quiet location within walking distance to schools, shopping, public transport and only 6 kilometres to the CBD.

Auction to be held Saturday 17th June 2017 @ 11.30 am (Unless Sold Prior)

FINANCE SNAPSHOT
INVESTORS - This property is positively geared and generates a Nett income of $291 per week
HOME BUYERS - Loan repayments are $715 per week
Assumptions
o Purchase price of $930,000
o Investors joint income of $100,000
o Interest rate of 5% at 80% LVR
o Rental income of $1289 per week
o All figures are estimates for modelling purposes only and are after tax deductions and after property expenses

Contact Johnston Grocke Finance Advisors for finance advice on 8303 0300

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.