Welcome to Units 1-3/81 Albert Street, a rare and fantastic opportunity in the highly sought after suburb of Prospect. This unit complex has been tightly held for well over 40 years and is an opportunity you will not want to miss.
Set on a single title with a total allotment size of 696sqm (Approx), the property comprises three two bedroom units, each offering a practical and consistent layout. Every unit features two generous bedrooms, a central bathroom, and a comfortable living space. Unit 1 features a split-system air-conditioner for year round comfort.
At the rear of the property, tenants have access to a shared laundry facility and storage room, while each unit benefits from a designated carport space at the front. Additional off-street parking is available along Albert Street.
• UNIT 1 - Vacant
• UNIT 2 - Tenanted @ $250 per week - Periodic Lease
• UNIT 3 - Tenanted @ $250 per week - Periodic Lease
Ideally positioned in the blue-chip suburb of Prospect, these units enjoy exceptional proximity to a wide range of local amenities and everyday conveniences. Public transport is effortlessly accessible, with multiple bus stops along Churchill Road, as well as nearby train access via the Islington and Dudley Park stations. Commuting to the Adelaide CBD is quick and convenient, with an easy drive of approximately 15-20 minutes. For shopping and lifestyle needs, both Bunnings Prospect and the Churchill Centre are just moments away, featuring major retailers such as Costco, Coles, and a variety of popular dining options. Offering outstanding accessibility and convenience in a highly sought-after location, this is a position that truly delivers on all fronts.
Whether you're expanding your portfolio or entering the investment market, this is a rare chance to secure multiple income streams under one title in a thriving area. These unit complexes are becoming increasingly sought after due to the greater rental yields on offer as well as less risk with the rents being spread across three different units.
Get in quick, this will not last!
Land // 696sqm (Approx)
Frontage // 15.24m (Approx)
Council // City of Prospect
Council Rates // $1556.00 per unit per annum
Water Rates // TBA
Year Built // TBA
As the property is being sold via the way of Auction, we highly recommend all prospective purchasers review the Vendors Statement (Form 1) and Contract of Sale which can be inspected at the First National Salisbury Office (2/10 Commercial Road, Salisbury SA 5108) for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
