Enhance your investment portfolio with this exceptional group of four separately titled units. Each unit features one bedroom, one bathroom, a separate laundry, and off-street parking. The property is owner-managed strata, ensuring smooth and efficient operations.

Currently, the units are leased to secure, long-term tenants, providing a combined rental income of approximately $920 per week or $47,840 per annum. Situated in the heart of Salisbury, the location offers convenient access to the Salisbury shopping centre, schools, takeaways, and the Salisbury train station.

The site is zoned under the Salisbury Town Centre Policy Area, which allows for a variety of potential uses including shops, offices, and consulting rooms (subject to council consent).

Key Features:

• Split System Air Conditioning: Each unit is equipped with a split system air conditioner, ensuring year-round comfort for tenants
• Generously Sized Units: Spacious layouts with rear yards provide tenants with ample living space and private outdoor areas
• Bathrooms: Each unit features a bathroom with a separate shower and bath, catering to modern living standards.
• Long-Term Tenancies: All units are fully rented with long-term tenants, ensuring steady and reliable rental income
• Well-Maintained Gardens: The property includes maintained gardens and common areas, enhancing the overall appeal and value
• Total Area: The property spans approximately 778sqm, offering a substantial footprint for future potential development
• Solid Brick Construction: Built with solid brick construction, the units promise durability and low maintenance costs.
• Instant Rental Return: With all units rented, you'll enjoy immediate rental income from day one

This property is not just a safe and easy investment but a profitable one. With interest rates currently favorable, there has never been a better time to purchase this group of four units and expand your portfolio. Don't miss out on this outstanding investment opportunity!


Auction: Saturday, 10th August 2024 at 3.00pm

Any offers submitted prior to the auction will still be under auction conditions. It is the purchaser's responsibility to seek their own legal advice and a Form 3 Cooling-Off Waiver.

PLEASE NOTE: This property is being auctioned with no price in line with current real estate legislation. Should you be interested, we can provide you with a printout of recent local sales to help you in your value research.

The vendor's statement may be inspected at 742 Anzac Highway, Glenelg, SA 5045 for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it commences.

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions.


Property Details:
Council | SALISBURY
Zone | UAC - Urban Activity Centre
Land | 778sqm(Approx.)
House | 217sqm(Approx.)
Built | 1967
Council Rates | $TBC pa
Water | $TBC pq
ESL | $TBC pa