Sold

1-5/20 Ethel Street,
Forestville 5035, South Australia

6 bedrooms
6 bathrooms
5 car spaces
Block of Units

$1,650,000


Property details

Features

  • Furnished

SOLD BY JOSH GILLESPIE

It's not every day you are presented with the opportunity to purchase such a unique investment in a premier, blue-chip location.

Conveniently located on a quiet leafy street, just 10 minutes from the buzzing CBD, local shops, and trendy cafes and restaurants. Public transport is within walking distance, with bus, train and tram stops nearby.

On offer, we have a package deal… Four fully furnished units PLUS a townhouse!

The townhouse offers open plan living equipped with a split system air conditioner. The kitchen features a gas cooktop, Miele dishwasher and Bosch oven. Upstairs you will find two good sized bedrooms, each fitted with a split system air conditioner.

The fully furnished one-bedroom units are each made up of an open plan kitchen, living and dining area, complete with a split system air conditioner for year-round comfort. The kitchens are well-equipped and include appliances such as a gas cooktop, fridge, kettle and toaster.

Additional property features include an electric front gate and secure parking.

Units 2, 3 & 4 are currently tenanted at $280 per week, with Unit 1 currently empty to allow for inspections.
The townhouse is rented at $350 per week.
This amazing investment is in a high capital growth suburb, 3.5km from the CBD returning over $76,000 gross per annum with scope for further up lift.

This is a rare and valuable buying opportunity in a high-profile location - an opportunity not to be missed!

*Specifications:
Frontage: 15.24 sqm
Depth: 41.15 sqm
Total land size: 632 sqm (approx)

*All dimensions and measurements are approximate

Explore the area


School catchments

  • Goodwood Primary School Primary R-6 Government 0.55km
  • St Thomas' School Primary R-6 Catholic 0.91km
  • Richmond Primary School Primary R-6 Government 1.3km
  • Black Forest Primary School Primary R-6 Government 1.4km
  • Annesley College Primary R-6 Independent 1.7km

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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