Expressions of Interest closing 12:00pm Monday, 9 November (Unless sold prior)
A rare inner-city investment opportunity, 13 / 8 Liston Street, Parkside presents three self-contained one-bedroom units offered in one line on a single certificate of title, positioned just two kilometres from the Adelaide CBD.
Set on a 573sqm allotment within the City of Unley, this circa 1900 character residence.
The property has been thoughtfully configured into three independent one-bedroom units, each featuring a spacious kitchen, separate living room, bathroom and private entry.
Leased to three separate tenants, the property generates a combined income of $70,720 per annum, providing multiple income streams and reduced exposure to vacancy risk. Opportunities offering this level of dwelling density on a single title within Adelaide's tightly held inner ring are increasingly rare.
The roof was fully replaced in September 2024, providing peace of mind and removing a significant future capital expenditure item. The interiors remain largely original, presenting an opportunity for future refurbishment and rental uplift, with current rents reflecting the existing condition.
Ideally located within walking distance of the Unley Road and King William Road precincts, and only moments from Adelaide CBD and the South Parklands, the property benefits from strong tenant demand from professionals, students and downsizers seeking convenient city-fringe accommodation.
Key features include:
Three self-contained one-bedroom units on one certificate of title
Combined rental income of $70,720 per annum
573sqm allotment
Roof replaced, September 2024
A unique opportunity to secure a diversified residential investment with character appeal, secure income and long-term upside in one of Adelaide's most sought-after suburbs.
Specifications:
CT / 5959/396
Council / Unley
Zoning / EN
Built / 1900
Land / 573m2 (approx)
Frontage / 13.79m
Council Rates / $2,448 pa
Emergency Services Levy / $208 pa
SA Water / $270 pq
Estimated rental assessment / Written rental assessment can be provided upon request
Nearby Schools / Parkside P.S, Unley P.S, Gilles Street P.S, Goodwood P.S, Rose Park P.S, Glenunga International H.S, Mitcham Girls H.S, Adelaide Botanic H.S, Unley H.S, Adelaide H.S
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 333839
