LOT 22 William Street, Norwood SA 5067

Opportunity to inspect unit 3 this weekend. Tenant is allowing access.

5 tenanted flats on 936m2 of prime land.

KEEP THESE 5 FLATS AS AN INVESTMENT WITH A GREAT RENT RETURN OR BUILD ON THE LAND YOUR OWN HOME OR SUBDIVIDE THE INTO 2 (STCC) AND BUILD 2 AMAZING HOMES FOR THE PURPOSE OF SELLING OR LIVE IN ONE AND SELL THE OTHER.

GREAT OPPORTUNITY A RARE FIND IN AN AMAZING LOCATION IN WONDERFUL NORWOOD.

In this part of Norwood there are some amazing new homes that are built on generous land holdings such as this and this is the right spot to do it if that is what you require.

Two generous homes could be built on this site and would be sold quickly when completed. (They possibly would sell off the plan as there is many buyers seeking to acquire properties like this in Norwood.)

The single level flats are all 1 bedroom and are all currently tenanted. As listed below.
Unit - Rent p/w - Tenancy Expiry

Unit 1 - $240 p/w - 2/12/2019
Unit 2 - $240 p/w - 20/01/2020
Unit 3 - $175 p/w - 21/05/2019
Unit 4 - $240 p/w - 24/06/2019
Unit 5 - $240 p/w - 18/11/2019

A brilliant opportunity to have these properties rented out while you are waiting for council approval if that is what you require or hold them as a long term investment and be buyer that buys for land bank purposes and watch the land value go up and get great capital return.

This is a very rare find and a brilliant opportunity. This property is being auctioned on on Saturday 27th April if you require any further information call Bevan Bruse on 0419 809 852 or email [email protected].

BEVAN BRUSE 0419 809 852

Information
Certificate of Title: Volume 5109 Folio 703

Council: City of Norwood, Payneham & St Peters
Zoning: RH(C)
- Residential Historic (Conservation) 12.7 - Norwood 5/
Council Rates: $5078.10 per annum (approx.)
SA Water Rates: $516.35 per quarter (approx.) Tenants pay water supply and usage
Emergency Services Levy: $974.45 per annum (approx.)
Year Built: 1960
Land Size: 936m2 (approx.)
School Zoning: Norwood Primary School & Norwood Morialta High School

The Vendor's Statement (Form 1), the Auction Contract and the Conditions of Sale will be available for perusal by members of the public at 357 Greenhill Road, Toorak Gardens 3 business days prior to the auction and on-site 30 minutes before the auction.

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.