8 Austral Terrace, Morphettville SA 5043

Due to an exisiting Contract not being completed, this rare investment opportunity has re-entered the market.Within easy walking distance to Morphettville Racecourse this 12 stable/2 Tack Room & Shed provides direct access to full racecourse training facilities including swimming pool, water walker and full track facilities; and the Morphettville Equine Clinic is adjacent.With dual access, the stables can be re-configured in a number of ways to allow for various combinations for a 5/7 or a 8/4 horse set-up; or a full 12 horse stables. One of the cleanest and modern stables which feature flow-thru ventilation, shade blinds from the western sun and the added features of eco-friendly plastic/rubber sleeper walls for each box. In short an excellent horse environment and very low maintenance - and important consideration for any investor. The adjoining air-conditioned, 3 bedroom house is separate from the stables (yet on the one title) and a new 12 month lease is in place; as part of the complete package. The total return on a new formal 12 month lease for the house-and-stables (expires February 2018) will deliver an annual return of $44,000 or approx 7.0%. And given the limited future options for new stables this is an investment opportunity that is too good to pass.Council Rates: $1682.68pa Land Size 689sqmInspect by appointment or feel free to discuss with the agent.