RARE AND EXCITING INVESTMENT OPPORTUNITY CURRENTLY RETURNING $72,800 ANNUALLY.

Situated in the rapidly growing suburb of Kilburn, this unique offering presents a rare investment opportunity to those savvy investors. Currently set up as student type accommodation with 7 bedrooms returning combined $1400 per week. Each tenant is on a periodic month by month lease, offering flexibility to the new purchaser on how to utilize the property post purchase.

Set on a generous 743sqm Torrens Titled allotment, with a clean clear title and zoned 'General Neighbourhood'. With the option of potential redevelopment on the site, whether now or into the future, offering an array of options. Located just 7km approximate from the Adelaide CBD, with the Churchill shopping centre just a short stroll away.

Features of the home include:

- Originally built in 1948 with mid-century character features including a stone façade.
- Fully fenced around the entire perimeter, with an electric front gate and keypad entry.
- Communal lounge room with a split system unit.
- Communal dining area.
- Updated central kitchen includes an oven, cooktop, plenty of storage and inbuilt laundry facilities.
- Two renovated bathrooms.
- Bedroom 1 is double sized and includes a built in robe
- Bedroom 2 is double sized and includes a built in robe
- Bedroom 3 is double sized and includes a split system unit.
- Bedrooms 4 & 5 are the smallest of the 7 and include built in robes.
- Bedrooms 6 & 7 are both a good size include built in robes, split system units and separate access from the sides of the property.
- Single drive through carport.
- Separate double garage / storage shed at the rear of the property includes an additional separate office / lounge.
- Separate fenced in rear courtyard.
- No maintenance front and rear yards.
- Solar electrical system.
- Quality flooring / paint / window dressings throughout.

All this and more in the heart of Kilburn. With easy access back into the Adelaide CBD. North Adelaide and set within close proximity to all other local amenities including schools, shops, parks and public transport.

For Genuine Sale: Auction on Site Saturday 13th of July at 2pm!

Contact Agents for further information.

RLA 183205

Explore the area

School catchments

St Brigid's School Primary R-6 Catholic 0.56km
Prospect North Primary School Primary R-6 Government 1.4km
St Paul Lutheran School Primary R-6 Independent 1.4km
Enfield Primary School Primary R-6 Government 1.7km
Blair Athol North B-6 School Primary R-6 Government 1.9km
Our Lady of the Sacred Heart College Secondary 7-12 Catholic 1.9km
Rosary School Primary R-6 Catholic 2.1km
Prospect Primary School Primary R-6 Government 2.1km
St Gabriel's School Primary R-6 Catholic 2.4km
Nailsworth Primary School Primary R-6 Government 2.5km
Sports College South Australia - North Adelaide Football Club Secondary Independent 2.5km
Sports College South Australia - The Parks Campus Secondary Independent 2.6km
St Margaret Mary's School Primary R-6 Catholic 2.8km
Adelaide Secondary School of English Secondary Government 2.8km
Challa Gardens Primary School Primary R-6 Government 3.0km
Prescott College Secondary 7-12 Independent 3.1km
Brompton Primary School Primary R-6 Government 3.1km
Woodville Gardens School Birth-6 Primary R-6 Government 3.1km
St Patrick's School Primary R-6 Catholic 3.3km
Blackfriars Priory School Combined R-12 Catholic 3.3km
Australian Islamic College Adelaide Combined R-12 Independent 3.4km
Roma Mitchell Secondary College Secondary 7-12 Government 4.0km
Sports College South Australia - St. Clair YMCA Recreation Centre Secondary Independent 4.1km
Woodville High School Secondary 7-12 Government 4.1km
Wilderness School Combined R-12 Independent 4.2km
Ngutu College Combined R-11 Independent 4.2km
Sports College South Australia - Football SA State Performance Centre Secondary 11-12 Independent 4.4km
St Dominic's Priory College Combined R-12 Catholic 4.7km
Cedar College Combined R-12 Independent 4.7km

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.

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