A fully tenanted, well-maintained multi-dwelling investment with development upside that interstate investors rarely find at this price point.
Total Rental Income of $870 per week.
136 Three Chain Road is a fully tenanted, multi-dwelling income property comprising four self-contained residences on a single 1,536m² allotment in Port Pirie South. Currently generating $45,280 in gross annual rental income across four separate tenancies with zero rental arrears, all bonds held in trust, and a tenancy history that has never been negatively geared. This is a proven income asset, not a speculative one.
The Asset
The property comprises two structures on a single title:
Main House — A Federation-era stone home with cement render finish. 3 bedrooms with built-in wardrobe, one bathroom, separate laundry, and a study area. Equipped with oven, cooktop, and split-system air conditioning. The character of the period has been modernised — lowered ceilings, but still higher than normal, and wooden floors have been carpeted.
Three Self-Contained Units (Units 1–3) — Brick construction, each featuring a combined living/dining/kitchen area and a separate laundry/bathroom and electric hot water. Each unit is fully self-contained and independently tenanted. Concrete flooring has been carpeted.
Outbuildings & Parking — A large shed and covered carport, plus additional open parking with more than four car spaces. Ample space to ambitiously construct another building if desired.
Zoning — Suburban Neighbourhood, Port Pirie Regional Council.
Tenancy
Every tenancy is occupied. Most tenants are long-term residents, well known to the property and up to date on rent. No arrears. This property has maintained 100% occupancy throughout its ownership — a rare and bankable track record in any market.
Port Pirie South has delivered strong and consistent growth. Critically, there are a negligible number of comparable multi-dwelling investment listings currently active in Port Pirie South at this point. This property enters the market with no direct competition.
Property Summary
Configuration:
Main house (3 bed + 1 bath + Lounge + study)
3 x units (1 bed + 1 bath + Lounge, each)
Total: 6 bedrooms | 4 bathrooms | 6 car spaces (4 open + 2 carport)
Land: 1,536m² Single Title
Zoning: Suburban Neighbourhood
Annual gross income: $45,280 (3 weekly leases + 1 monthly lease)
Gross yield: 6.38%–6.76% across asking range
Tenancy: 100% occupied
Never negatively geared throughout ownership
Strata conversion: 4 titles possible (subject to feasibility)
No easements | No access issues
A comprehensive Buyer's Report is available on request.
Call Kurt daSilva on 0430 601 612 for details.
kurtdasilva@futurerealtysa.com.au
