SOLD

Invest in Port Augusta with this maisonette that presents an excellent opportunity for investors seeking a property with a reliable dual income stream. Both sides of the property are currently occupied by tenants, with fixed leases in place providing the assurance of steady rental income.

Each side of the property features 3 bedrooms and 1 bathroom, making it an ideal investment for those seeking a comfortable and spacious living environment. This property presents a great investment opportunity that is not to be missed. This property offers a strong rental return of the 7.7%, making it a highly attractive investment opportunity for investors seeking a promising rental property to expand their portfolio.

FOR THE INVESTOR
22 Mellor Street
Rent per week: $235
Lease: 08/01/24 - 08/01/25
2 Riches Street
Rent per week: $235
Lease: 14/01/24 - 14/01/25

Land: 1576m2
Year Built: 1948
Equivalent main area: 91m2 (per dwelling)
Council rates: 2 Riches St: $1,722.21p.a.(2022/23) - 22 Mellor Street: $$1,722.21 p.a.(2022/23)
Zoning: Suburban Neighbourhood
Easements: Yes
Water available: Yes
Sewer available: Yes

Do not miss out on this great dual income investment opportunity. Contact Charmaine on 0428 656 181 for more information or inspection.

Additionally, when looking at properties it's important to have confidence in how much you can borrow. Ray White has partnered with Loan Market who can make this simple and stress free for you. As our customer, you'll receive a complimentary, obligation free chat with our local broker to discuss your options and tailor a lending solution to suit your needs. If you would like to speed up the process, click on the link below to get started today.

https://broker.loanmarket.com.au/natasha-davis/contact/

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and 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. Prospective purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.

If a land size is quoted it is an approximation only. You must make your own enquiries as to this figure's accuracy. We do not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority.

Explore the area

School catchments

Cocos Islands District High School Combined K-10 Government 11,685.8km
Cocos Islands District High School - Home Island Campus Combined Government 11,685.8km
Christmas Island District High School Combined K-12 Government 12,127.8km
Exmouth District High School Combined K-12 Government 13,688.5km
Christ the King Catholic School Combined PP-10 Catholic 13,796.2km
One Arm Point Remote Community School Combined K-12 Government 13,800.5km
Dampier Primary School Primary K-6 Government 13,753.3km
Pularumpi School Combined T-6 Government 13,793.4km
Onslow School Combined K-12 Government 13,729.6km
Sacred Heart School Combined PP-10 Catholic 13,822.9km
Kalumburu Remote Community School Combined K-12 Government 13,832.3km
Tambrey Primary School Primary K-6 Government 13,766.2km
Millars Well Primary School Primary K-6 Government 13,767.3km
Baynton West Primary School Primary K-6 Government 13,767.0km
Pegs Creek Primary School Primary K-6 Government 13,767.8km
St Luke's College Secondary 7-12 Catholic 13,767.9km
Karratha Senior High School Secondary 7-12 Government 13,768.1km
Milikapiti School Combined T-6 Government 13,809.8km
Roebourne District High School - Cheeditha Campus Combined Government 13,788.2km
Roebourne District High School Combined K-12 Government 13,791.0km

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.