1-4/2 Mahar Street, Kensington Gardens, SA 5068

Under instructions from our overseas beneficiaries is this truly rare opportunity to acquire this income producing corner site in one of Adelaide's most sought after leafy Eastern suburbs.
Requiring repair and upgrading currently three of the units are vacant and unit 4 is currently rented on a periodic tenancy for $150 per week.
All units offer open plan living, original kitchens, one large bedroom and en -suite bathroom off of the bedroom.
There is a carport for two/three small cars accessing from Leonore Avenue and the external grounds require attention and a tidy up.
Ideal for those looking to upgrade each unit and capture the university clientele or maybe even generate further income as air bnb's. The rent potential for fixed term residential occupancy for each improved unit would be $230 - $250 per week.
Or take advantage of the 639 sqm approx corner allotment offering street frontages of 22 metres approx. facing Mahar Street & 30 metres approx. facing Leonare Avenue and build your dream home amongst other quality residences.
Either way these opportunities rarely present themselves in this tightly held location. These units must be sold under instructions from the beneficiaries.
We encourage chatting to the Burnside council about the opportunities that are on offer with this exciting site.

*If a land size is quoted it is an approximation only. You must make your own inquiries as to this figures accuracy. Harcourts Smith (Kate Eliza Real Estate Pty Ltd) does not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority.

*Purchasers should conduct their own due diligence and any information provided here is a guide and should not be relied upon.

*The vendor's statement may be inspected at 107 Semaphore Road, Semaphore for 3 consecutive business days immediately preceding the auction; and at the auction; for 30 minutes before it starts. Property ID: #SHH3287