Attention all, I have an outstanding opportunity for you! This property offers fantastic development potential with the property sitting on a large allotment of approximately 1050sqm and is blessed with no easements, perfect for multiple allotments! ( potentially 4+ allotments) ( STCC).
Perfectly suited to developers, the astute investor and retirees with the possibility of a multiple income, multi-dwelling development (STCC), perfect for someone to reap the rewards and or retire on. Depending on the amount of allotments created and the type of dwellings built, an approximate potential income rental return could be a whopping $1000 a week ( or more).
The current dwelling consists of two maisonettes on a single certificate of title, one of which boasts three bedrooms and the other features two bedrooms.
A fantastic investment opportunity with both sides currently tenanted providing instant combined rental returns of $370 a week.
Situated with many amenities nearby including public transport, schools, parks, sporting clubs, medical centres and shopping centres such as the Elizabeth and Munno Para Shopping Centres.
Now is time to invest with all the exciting current and future developments of the Playford area, call Jimmy today for a viewing before its too late!
Council: City of Playford
Built: 1965
Land: 1050sqm (approx)
Combined rental returns of: $370pw (approx 7.42% yield)
Disclaimer: Every care has been taken to verify the correctness of all details used in this advertisement. However, neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement. All photos, marketing and plans are for illustrative purposes only and details to be relied upon should be independently verified.
*Please note the attached allotment site plans is a proposed plan and interested persons should rely on their own enquiries*
RLA184226
