Fully tenanted & currently returning $880 per week with secure leases in place
A well-positioned property offering immediate lifestyle appeal and long-term investment opportunities - set within an elevated pocket of Port Lincoln with sweeping views toward Boston Bay.
Positioned within a well-established and highly regarded residential location, this property presents a compelling opportunity for investors seeking both current appeal and future upside.
Set on elevated ground, the home enjoys sweeping views across Port Lincoln and out to the waters of Boston Bay-an outlook that not only enhances tenant appeal but also underpins long-term value. From above, the advantages are clear: a strong neighbourhood setting, proximity to a nearby open reserve creating a sense of space, and a position that captures both privacy and perspective.
The location is a key driver here. Conveniently situated within easy reach of schools, the hospital, city centre, and coastline, the property offers the kind of accessibility and lifestyle tenants actively seek-supporting consistent rental demand.
Combined with features such as reverse cycle split system air conditioning, ceiling fans, and gas bayonet outlets for heating (bottled gas), the home delivers practical comfort across all seasons. A solar system and substantial rainwater storage of approximately 75,000 litres further enhance efficiency, helping to reduce ongoing running costs-an increasingly attractive feature for both investors and tenants alike.
Whether you're looking to secure a set-and-forget investment, expand your portfolio, or explore future value-add potential, this is an opportunity grounded in position, outlook, and proven appeal.
Elevated allotment with bay views-strong long-term desirability
Established neighborhood with quality surrounding homes
Proximity to key amenities supporting rental demand
Energy efficiency benefits with solar system in place
Comfortable, functional layout suited to a broad tenant base
A strategic acquisition in a location that continues to perform-this is an investment where position does the heavy lifting.
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This property provides two independent income streams, currently returning a combined income of $880 per week ($45,760 per annum).
The upstairs level is leased at $580 per week, with the current lease in place until 1st day of March, 2027
The downstairs level is leased at $300 per week, with the tenancy secured through to 8th day of February, 2027
The staggered lease expiries offer flexibility and help mitigate vacancy exposure.
From an asset-management perspective, the property has undergone substantial upgrades, including separation of electrical services (bill for Electrical currently goes to the Landlord who sends individual bills to the tenants), internal improvements to both levels, updates to kitchens and laundries, climate control, flooring, window furnishings, increased rainwater storage, and improved outlook following the removal of a large front tree - the views are sensational.
A small number of preventative maintenance items have been completed on behalf of the owners, including rear gutter replacement, garden mulching, and replacement of downstairs carpet to the living area and bedroom.
Overall, this presents a low-intervention dual-income holding.
