Sold

6 Bice Street,
Barmera 5345, South Australia

2 bedrooms
1 bathroom
5 car spaces
Block of Units

$662,000


Property details

ANOTHER ONE SOLD BY PAT CATALANO AND JANIS RICHTER

Discover an exceptional investment opportunity at 6 Bice Street, Barmera. This unique property features five 2-bedroom units, each designed for comfortable living with a kitchen, two bedrooms, and a living area. Additionally, a communal laundry serves all tenants, ensuring convenience for all.

At the front of the property fronting Bice Street, you'll find a commercial space that offers renovation potential and future income opportunities, making this property a versatile investment.

All units are currently leased, generating a collective income of $1,175 per week, with room for further growth. Situated just 100 metres from the main street of Barmera, tenants will enjoy easy access to dining options, supermarkets, and a variety of specialty shops.

Key features include:

• Five 2-bedroom units, each with a kitchen and living area
• Communal laundry for tenant convenience
• Commercial property at the rear with renovation potential
• Current collective income of $1,175 per week
• Potential for income growth
• Located 100m from main street of Barmera
• Close to dining options, supermarkets, and specialty shops
• Comfortable living environment for tenants
• Strong investment opportunity
• Future potential for commercial property
• Zoning: Township Main Street (TMS)

Lease details below:
• Unit 1: $225 per week - Fixed Term 25/06/2024 to 24/06/2025
• Unit 2: $225 per week - Fixed Term 24/05/2024 to 23/03/2025
• Unit 3: $225 per week - Fixed Term 17/06/2024 to 16/06/2025
• Unit 4: $250 per week - Fixed Term 23/06/2024 to 22/06/2025
• Unit 5: $250 per week - Fixed Term 09/02/2024 to 08/02/2025

Pat Catalano
0477 590 540

Janis Richter
0439 809 949

RLA: 315295

Disclaimer: While we have made diligent efforts to ensure the accuracy of the information provided, we assume no responsibility and disclaim any liability for errors, omissions, or inaccuracies, including boundaries depicted in aerial imagery. It is recommended that potential buyers conduct their own inquiries to validate the information presented herein.

Explore the area


School catchments

  • St Joseph's School Primary R-6 Catholic 0.67km
  • Barmera Primary School Primary R-6 Government 1.3km
  • Cobdogla Primary School Primary R-6 Government 5.4km
  • Glossop Community School Primary R-6 Government 6.0km
  • Rivergum Christian College Combined R-12 Independent 7.1km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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