Under Contract!

SOLD - This listing was sold in August 2018
A Group of 3 Strata Titled Units to be sold as a whole.

A First Rate Investment!

A group of 3 strata titled units to be sold as a whole. A First-Rate Investment.

Talk about a superior opportunity. On offer is a group of 3, Strata titled units each with 2 spacious bedrooms and private rear courtyards. There's a carport at the front which will cater for 2 vehicles and a large, brick, double garage at the rear ideally to be used by the end unit. This particular end unit also has quite a large garden adjoining and it's a really spacious area indeed.

As an added bonus, there'll be no strata fees etc as you will own the entire strata plan. There will only be your standard outgoings of council fees, insurance and water rates etc.

Situated on a generous 808 sqm (approx.) block near the intersection of Daws and South Road, with a Commercial/South Road Policy Area 2 Zone to the City of Marion, I'm sure they'll even be scope to do some sort of commercial development (STCC) in the future should you so desire.

Okay, so you will need to do a bit of work on these as they'll require some kitchen and possibly bathroom refurbishment, floor coverings and some paint which I estimate will cost you around $5000 - $7000 per unit but if you were to do a lot of the work yourself, I'm sure it would work out much less. With an estimated rental return of $250/$260 plus per week, (Once refurbished) and a price guide $540,000 do the sums....? $750 plus per week income ....

With a couple of good shopping centres nearby, (Castle Plaza and Oaklands Park), public transport basically on the door step, several schools around the corner and every conceivable amenity within walking distance, these units would rent like hot cakes.

And you know what, should you choose to sell them off one at a time, you can as they're already strata titled. Talk about a great investment. Perhaps even for your self-managed super fund.

Make no mistake, these WILL be sold at the auction. We have strict instructions so don't delay. Don't miss out on one of, what may turn out to be, a chance of a life time investment.

To be auctioned on site on Friday July 6th at 12.30pm (open from 12.00pm) with a price guide of $540,000.

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Main Property Features

Listing Number: SMV7774

Property Type:
Block of units
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Harcourts Morphett Vale RLA 1556

330 Main South Road
Morphett Vale
Adelaide
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