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Instant Rental Returns Then Subdivide & Conquer!Property ID 1675227Come one come all and you will find this incredible opportunity to get 2 investment properties with instant rental returns for the price of 1. Very rarely does the chance to purchase two adjoining semi's on a combined 1,231sqm allotment with absolutely no easements for amazing subdivision potential (STCC).
Built in 1960, 16 Daniel Street comprises of 3 good sized bedrooms, separate lounge, open plan kitchen and meals area for comfortable living and entertaining. The lounge features a split system air conditioner to appeal to a great range of tenants while a separate bathroom toilet and laundry at the rear completes this home. Current rental returns are $230pw on a periodic lease.
Number 18 is also tenanted and comprises of 2 generous bedrooms, good sized lounge and open plan kitchen and meals area ideal for couples and singles. The lounge features a reverse cycle wall unit for temperature controlled comfort and a laundry, bathroom and separate toilet at the rear for all your living essential needs. Recently updated inside, current rental returns are $250pw on a periodic lease.
Developers act fast to secure this great asset for the perfect project, offering instant dual income and a profitable divine development opportunity. With a combined land size of 1,231sqm (approx) on a rectangular allotment with frontage of 27.43m and a depth of 40-45m in length (approx) this is a remarkably rare find. Furthermore, the land is level and ripe for redevelopment (STCC). You can keep the existing duplex for instant rental returns or demolish and redevelop (STCC) the choice is yours.
More features about this home include:
• Security screen door to both properties for peace of mind.
• Garden tool shed and large work shop on Number 16 for greater rental appeal.
• Very close to Argana Park and Elizabeth Football Club for great surroundings.
• A short 5min drive to the impressive Elizabeth Shopping Centre & 6mins drive to the large Munno Para Shopping City for complete convenience.
This premier investment opportunity offers unbeatable price, position and potential! Such a stand out investment, this home is a developer's dream where you can follow the trend of the neighbouring properties or the perfect pick for a landlord's portfolio, primed with possibilities. So do the numbers and put in an offer fast before it's gone forever.
For more information, call Mike Lao now on 0410 390 250.
Council /City of Playford
Built / 1960
Land / 1,231sqm (approx)
Internal / 152sqm (approx)
Currently rented at / $480pw (combined)
Want to find out where your property sits within the market? Have one of our multi-award winning agents come out and provide you with a market update on your home or investment! Call Mike Lao now on 0410 390 250.
Specialists in: Andrews Farm, Angle Vale, Blakeview, Burton, Craigmore, Davoren Park, Elizabeth, Gawler, Golden Grove, Greenwith, Gulfview Heights, Hillbank, Ingle Farm, Mawson Lakes, Modbury Heights, Munno Para West, One Tree Hill, Parafield Gardens, Para Hills, Para Hills West, Paralowie, Pooraka, Salisbury, Salisbury East, Salisbury North, Salisbury Plain, Salisbury Park, Salisbury Heights, Smithfield, Walkley Heights, Wynn Vale.
Ray White Salisbury, Number One Real Estate Agents, Sale Agents and Property Managers in South Australia.
Disclaimer: Every care has been taken to verify the correctness of all details used in this advertisement. However no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions.