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Sold Property
$1,150,000
Sharon Gillard Harcourts Packham (Glenelg)
8 units on 1 Title in Popular Beachside Suburb
Rarely offered group of 6 x 1 bedroom units and 2 x bedsitters on a generous land holding of approx 1600 sq metres.
Fully rented, with a history of almost nil vacancy rate, these units are ideally located close to transport and within easy access to Westfield Marion, Flinders University and Medical Centre.
A short stroll to the beach with all the cafes and restuarants at hand and only a 25 minute ride into the CBD.
Currently returning approx $90,000 per year i.e. approx 7% return which makes this a fantastic investment opportunity.
Unit 1 current rent $215 pw, leased until May 2020
Unit 3 current rent $228 pw, leased until April 2020
Unit 5 current rent $185 pw, leased until December 2019
Unit 6 current rent $180 pw, leased until June 2019
Unit 7 current rent $215 pw, leased until May 2019
Unit 8 current rent $225 pw, leased until March 2020
Unit 9 current rent $225 pw, periodic lease
Unit 10 current rent $215 pw leased until March 2020
The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice.
Property ID: #SGN3229
Office
Sold Property
8 units on 1 Title in Popular Beachside Suburb
Rarely offered group of 6 x 1 bedroom units and 2 x bedsitters on a generous land holding of approx 1600 sq metres.
Fully rented, with a history of almost nil vacancy rate, these units are ideally located close to transport and within easy access to Westfield Marion, Flinders University and Medical Centre.
A short stroll to the beach with all the cafes and restuarants at hand and only a 25 minute ride into the CBD.
Currently returning approx $90,000 per year i.e. approx 7% return which makes this a fantastic investment opportunity.
Unit 1 current rent $215 pw, leased until May 2020
Unit 3 current rent $228 pw, leased until April 2020
Unit 5 current rent $185 pw, leased until December 2019
Unit 6 current rent $180 pw, leased until June 2019
Unit 7 current rent $215 pw, leased until May 2019
Unit 8 current rent $225 pw, leased until March 2020
Unit 9 current rent $225 pw, periodic lease
Unit 10 current rent $215 pw leased until March 2020
The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice.
Property ID: #SGN3229
Sharon Gillard Harcourts Packham (Glenelg)
Office Harcourts Packham (Glenelg)
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
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