This is a promising investment opportunity in Port Augusta, with this maisonette property with a strong rental return and reliable dual income stream. Each property features three bedrooms, one bathroom, and one toilet, making them ideal for tenants looking for functional and comfortable living spaces. Both properties are currently tenanted, providing immediate cash flow for any investor looking to secure a steady income from day one.
Port Augusta is a key regional hub with ongoing demand for rental properties. This ensures that the properties will continue to attract tenants, reducing the risk of vacancies. With both properties already occupied, you can benefit from a reliable income while also taking advantage of the potential for long-term capital growth in this affordable regional market.
FOR THE INVESTOR
58 Elizabeth Terrace
Current lease: Periodic lease
Rent per week: $260
60 Elizabeth Terrace
Current lease: 03/03/24 - 02/03/25
Rent per week: $235
Land: 1180m2
Year Built: 1954
Equivalent main area: 91m2 (per dwelling)
Council rates: 58 Elizabeth Terrace: $2,201.74 p.a.(2023/24) - 60 Elizabeth Terrace: $2,201.74 p.a.(2022/23)
Zoning: Suburban Neighbourhood
Easements: Yes
Water available: Yes
Sewer available: No
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.
