73 Morialta Road, Rostrevor SA 5073

Often sought, seldom found is an opportunity to purchase property quite like this. Far removed from the street's kerb are these surprisingly spacious, extensively renovated single storey flats.

Serenely set in a group of four opposite Rostrevor College, these original double brick, multi-dwelling buildings are separated into two and revel as beneficiaries of a recently complete overhaul - upgraded with new kitchen and bathroom, floor coverings and paintwork.

Comprising 2 double bedrooms in each unit, both with built-in robes and fitted with plush carpeting, the high standard of renovation complements your convenience of location to perfection.

Providing easy access to major shopping precincts; The Parade in Norwood is close by and with great public transport links at the end of the driveway, tenants can shoot to Newton in a flash, whilst the CBD lies is not much further afield.

Suitable for a family with a school-aged child, there are a wealth of educational bodies in the area including Norwood Morialta, Stradbroke, Magill Primary and St Joseph's School. For tertiary education, UniSA's Magill campus is in close proximity.

Delivering a fantastic rental yield in an ever-increasing area of growth, rental income will rise as the suburb develops and land value increases, as follows:

Flat 1: Tenanted at $270.00 p/week
Flat 2: Tenanted at $265.00 p/week
Flat 3: Tenanted at $295.00 p/week
Flat 4: Currently vacant, previously tenanted at $285.00 p/week

Presenting a total of 8 bedrooms, 4 bathrooms and 3 carports for a potential gross income of approximately $57,000 p.a. when all flats are fully occupied.

Please note that Units 3 and 4 are a mirror-image of one-another. Units 1 and 2 have share a similar floor plan, but with some small variations. Please speak with the agent for more information.

Further Features:
- Love the great outdoors? Take a hike to beautiful Morialta Conservation Park - just 5-minutes from home
- 3 large carports and off-street parking for an additional 3 vehicles
- Split system reverse cycle air conditioning to formal lounge in each unit
- Solar hot water system to minimise pesky electricity bills
- Spacious open-plan kitchen and meals w/ Westinghouse stainless electric oven, cooktop and range
- Remodelled bathroom is a two-way walk through from passage to laundry
- Refurbished laundry w/ separate toilet

An unbeatable chance to own an allotment in a highly hunted eastern suburb developing a huge reputation - secure your personal and financial future!


Specifications:
CT / 5663/310
Council / City of Campbelltown
Zoning / R'4
Built / 1970
Land / 1009m2
Frontage /18.29m

The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. Should this property be scheduled for auction the vendor's statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.