Unit 32/18 Moseley Street, Glenelg SA 5045

This bedsitter apartment is being offered for sale on a walk-in, walk-out basis, meaning that all furnishings and amenities are included in the purchase. The apartment has been successfully rented out as Short Stay accommodation, generating a gross income of approximately $30,000 per year and a net income of around $21,000 per year.

The apartment complex offers a car park space on-site, ensuring convenient parking for residents and guests. Additionally, the location is highly desirable, as it is only a short 300-meter walk to the beach, providing easy access to a popular recreational area.

This property presents a great investment opportunity for potential buyers. With its established rental income from the short stay accommodation market, the apartment offers a reliable and consistent revenue stream. Whether you're looking for a steady income stream or a property for personal use, this bedsitter apartment is worth considering.

Book your inspection today!
Further inquiries to John Lyrtzis mobile 0411507930 email: [email protected]

Specifications:

Building Area approx 27m2

CT 5933/166

General Neighbourhood (Z2102) - GN

Local Council / City Holdfast Bay

Council Rates / $1,090/yr

Water Rates / $146.65 per quarter + usage

Strata Fees: $252/qtr

ESL : $234/yr

DB Philpott is proud to service the local area and if you are thinking of selling you should give the team a phone call to arrange a free no obligation market opinion.

At this stage, the vendors are not releasing a price guide to the market. The agent is not able to guide the market or influence the market in terms of price instead providing recent sales data for the area which is available upon request via email.

If a land size is quoted it is an approximation only. You must make your own enquiries as to this figures accuracy. DB Philpott does not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority.

Purchasers should conduct their own due diligence and any information provided here is a guide and should not be relied upon. Development is subject to all necessary consents.

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 advice.

RLA 46442