8 Broadmeadows Road, Elizabeth North SA 5113

A pair of maisonettes, on separate titles being sold together, across a combined CORNER landholding of approximately 1,150 square metres.

Built in 1960 and of solid brick construction, each home offers a lounge, separate kitchen / dining, three bedrooms and ducted evaporative cooling. Both properties are currently leased to reliable tenants, returning a combined $440.00 per week and producing a return of over 8.00% based on the asking price.

As much as the numbers already make sense, the corner position and large landholding also provide further potential for subdivision and redevelopment, subject to Council consent.

Elizabeth North was recently recognised as one of the top northern Adelaide suburbs for price growth (Source: The Advertiser, Monday 4th November 2019) and you can easily see why - Elizabeth City Centre and Munno Para Shopping City within close commute, walking distance to rail and bus transport plus various government and independent schools nearby.

These properties would make an excellent foray into real estate investment or a wise portfolio addition for the experienced investor. Please contact the agent to arrange a viewing.

Registered Land Agent (RLA) 266 854.