Lot 45 & 46 Bingham Street, Goolwa SA 5214

Fabulous opportunity for an Investor! Currently receiving $220 per week (increasing 4% per annum) in rental income with a fixed Lease for 3 years, renewable. Term is currently 9/6/2015 to18/06/2018.

As the owner of this property, you can't reside at the apartment, however, you will receive rent from the Community Corporation group under the current arrangements.

Occupied by the full time Caretaker of the Retirement Village, who run the Centre, preparing meals, maintenance etc for the retired residents of the facilities.

The apartment itself offers open plan living / dining & kitchen areas with split system reverse cycle air conditioning. Recently repainted and carpeted throughout. 3 bedrooms, main with Built in robe and ensuite. 2nd & 3rd bedrooms also with Built in Robes. Bathroom with bath, shower and vanity. Separate toilet off the laundry. Separate office space downstairs. Double carport to the front.

A unique opportunity on offer here at a very affordable price!

* You should assess the suitability of any purchase of the land or business in light of your own needs and circumstances by seeking independent financial and legal advise.