Blue Chip Investment - House & Stables on Corner Allotment.
Set upon a large 700m2 approx corner allotment with two street frontage adjacent to Morphettville Racecourse is an opportunity to acquire a modern fully established low maintenance 11 horse stables and tidy 3 bedroom home capable of approx 7% yield.
This well-maintained property is presented in a walk-in-walk-out state ideal for any owner occupier to commence training immediately or astute investor seeking an immediate return.
The property is located in the Suburban Neighbourhood Zone within the City of Marion Council. If you are considering purchasing this property please note the following.
At present, there is a Code amendment (a proposal to change the policies, rules, or mapping within the Code) initiated over a 12ha area named 'Morphettville/Glengowrie Horse Related Activities Code Amendment' in which this property is located.
Full details are available on the Plan SA website plan.sa.gov.au. A Code amendment has been initiated and an extract from this amendment states 'Council is therefore considering changes to the zoning of the subject land that will provide the opportunity for residential development at higher densities to be constructed.'
Combined Rental Estimate - $1050 per week
Rental Estimate - House Only $500 per week
Rental Estimate - Stables Only $550 per week
Council Rates - $1962 per annum
Emergency Service Levy - $365 per annum
SA Water - $186 per quarter
Zone - Suburban Neighbourhood
Council - City of Marion
House Built in 1950
Stables Built in 2004
Land Dimensions - 15.24m X 45.72m (700m approx)
Contact Shane Moore for further details and inspection times.
Property ID: #L22074489
