11/144 Main South Road

Hackham SA 5163

Apartment

Currently for sale - view listing

Overview

INVESTORS - YES, THE PRICE IS RIGHT!!!

GATED COMMUNITY - ENTRY LEVEL INVESTMENT - OPPORTUNITY TO BUY AS IN ORIGINAL CONDITION TO GAIN OVERNIGHT EQUITY DOWN THE TRACK (Before and After photos provided for illustration purposes - but buyers please note, this unit is currently in ORIGINAL condition) Tucked away within a beautifully maintained gated community surrounded by immaculate gardens, this affordable one-bedroom unit presents an outstanding opportunity for the astute investor. Currently leased to an excellent and very happy long-term tenant at $330 per week, the property provides immediate rental income while offering something increasingly difficult to find in today's market .... GENUINE VALUE-ADD POTENTIAL. NO OPEN INSPECTIONS ARE SCHEDULED. PRIVATE VIEWINGS ONLY TO GENUINE INVESTOR BUYERS to respect tenant's privacy. VIDEO TOUR CAN BE AVAILABLE FOR INTERSTATE BUYERS. Being offered in its original condition, the lower asking price reflects an opportunity rather than a compromise. When the property eventually becomes available for renovation in the future, the new buyer will have the chance to modernise the unit and potentially unlock significant additional value. Recent sales within the complex have seen identical fully renovated units achieve around $320,000, highlighting the exciting upside available to those prepared to think long term. Please refer to the collection of renovation photographs, which demonstrate the transformation achieved in identical units within the complex. The Agent will be pleased to discuss this opportunity further and provide additional information. With the 10 AUGUST DEADLINE approaching for SMSFs to purchase and borrow for residential investment (as per Federal Budget announcement), investors who wish to grab with small window are encouraged to act promptly to take advantage of this limited opportunity. ABOUT THE COMPLEX Originally developed as a retirement village in 2004, this beautifully maintained community is now governed under Community Title, making it one of the southern suburbs' most sought-after rental destinations for mature residents. While a number of units are owner-occupied, the majority are leased to respectful long-term residents who genuinely appreciate the peaceful, secure lifestyle this unique community offers. The Community Title By-Laws encourage an older demographic, helping preserve the quiet and harmonious environment that residents value so highly. Unlike Strata Title, the more favourable Community Title ownership includes both the land and the dwelling, adding long-term investment appeal. With a quality long-term tenant already calling this unit home, investors can enjoy immediate rental income while securing a property with outstanding future potential. BUYERS PLEASE NOTE: This unit is NOT suitable for owner-occupiers due to existing long-term elderly tenant. That said, if you were wishing to move in yourself in the years ahead (once vacant) this of course, will be possible. AFFORDABLE INVESTMENTS WITH GENUINE VALUE-ADD POTENTIAL ARE BECOMING INCREASINGLY DIFFICULT TO FIND. SECURE THE RENTAL INCOME TODAY, THEN UNLOCK THE PROPERTY'S FULL POTENTIAL WHEN THE TIME IS RIGHT.