Set in a convenient location within walking distance to a primary school, medical centre, pharmacy, and a handy corner deli, this solid investment package comprises of three units on one title. Built circa 1987, the property offers immediate income with all 3 units currently occupied.
Currently returning a combined $585 per week, with a scheduled rent increase on 18/08/2025 taking the total weekly income to $660 p.w, this is an ideal opportunity for investors
Two of the units are attached, while the third enjoys the privacy of a standalone layout. Each unit features:
With its practical design, reliable tenancies, and rental return, this is a rare chance to secure a multi-income property.
An added bonus - another identical set of units is available just metres away. Refer to the separate listing for details - Units 1,2 & 3/36 Forster Street Port Augusta.
Current tenancy details, rent and quarterly water contributions;
Unit 1/40 Forster - Fixed lease: 10/05/2025 to 08/05/2026 | $225 per week - plus $100 water contribution per quarter
Unit 2/40 Forster - Periodic lease | $150 per week (increasing to $225 from 18/08/2025) - plus $22.87 water contribution/share of supply per quarter
Unit 3/40 Forster - Fixed lease: 13/06/2024 to 12/06/2025 | $210 per week - plus $100 water contribution per quarter
Council Rates (2024/2025): $4,947.40 p.a (combined)
