Units 1-7/116 Smart Road, Modbury SA 5092

Auction Location: 116 Smart Road, Modbury, SA 5092

This exceptional opportunity is presented by Sadeq Al-Khalidi from Wemark Real Estate, So look no further.

Investment property seekers, brace yourselves for this exceptional opportunity! Picture owning an entire block of seven thoughtfully designed units, located within a stone's throw from Westfield Tea Tree Plaza & Modbury Hospital - it doesn't get much better than this.

With an already established source of income, purchasing this complex guarantees immediate returns. Plus, with the potential to sell each unit separately in the future, this is a rare investment opportunity ideal for both individuals and superannuation funds.

You'll be impressed by the five already tenanted units generating a weekly income of $2390, while unit 7 & 5 are awaiting new tenants with a potential rental income of $900 per week. You'll appreciate the various upgrades, including improved kitchens, fresh paint, and new carpeting, as well as the modern and efficient split systems.

The common area boasts brand new flooring and a fresh coat of paint, all while overlooking the stunningly designed landscaped gardens. And that's not all, as the complex includes seven lockup garages and ample visitor car parking.

Located on a spacious 1860sqm corner block, there is potential for further development of the site, making this an investment opportunity that cannot be missed!
( More photos available can be provided upon request )

# 7 units on one title -
# Current Income for five units is $2390 pw - UNIT 7& 5 Vacant with rental Potential of $900 pw
# Complex breakdown 5 x 2 bedroom Units, 2 x 3 bedrooms
# Units with a variety upgrades including improved kitchens/carpet/painting/ roof
# New flooring installed in common area
# Freshly painted common area
# Landscaped designed gardens
# 7 lockup garages 7 x visitor car parking
# Potential for further development of site
# 1860sqm landholding Corner Block

Specifications:
CT / 4019/932
Easements\ NIL
Council / City of Tea Tree Gully
Zoning / Residential
Built / 1985
Land /1860m2

RLA286049

Disclaimer: All information provided ( included but not limited to the properties land size, floor plan, and floor size, building age and general property description) has obtained from sources deemed reliable, however, we cannot guarantee the information is accurate and we accept no liability for any errors or oversights. Interested parties should make their own inquiries and obtain their own legal advice.