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Back 3 & 4/9 Francis Street
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3 & 4/9 Francis Street

Mount Gambier SA 5290

3
2
2
Apartment
Currently for sale - view listing

Overview

Two Low Maintenance Investment Opportunities in the Heart of the CBD

Jason Malseed from Malseeds Real Estate is pleased to present Units 3 & 4, 9 Francis Street, Mount Gambier, offering two separately titled investment opportunities in one of the city's most convenient locations. Positioned within a well maintained group of units, both properties offer practical layouts designed for comfortable, low maintenance living. Each unit features a functional kitchen adjoining the living area, complete with a split system air conditioner for year round comfort. The bathrooms have been modernised, while private paved courtyards provide an easy-care outdoor space to enjoy. Unit 3 comprises two generous bedrooms, one bathroom and one off street car space. Currently leased at $280 per week until March 2027, it presents an excellent opportunity for investors seeking an immediate rental return. Unit 4 offers one bedroom, one bathroom and one off street car space. Currently leased at $220 per week until August 2027, this unit provides a secure tenancy and a low maintenance investment in a highly sought after location. Ideally positioned within easy walking distance of the Mount Gambier CBD, both units enjoy convenient access to supermarkets, cafés, restaurants, medical facilities, schools and public transport. The Blue Lake, Crater Lakes precinct and many of the Limestone Coast's attractions are also only a short drive away. Whether you're looking to purchase one or both units, this is a rare opportunity to secure quality investment properties in a tightly held central location with reliable rental income already in place. - Unit 3 Particulars - Price: $340,000 Bedrooms: 2 Bathrooms: 1 Car Spaces: 1 off street car space Currently Leased: $280 per week until March 2027 CT: Volume 6188 Folio 83 Council: City of Mount Gambier Zoning: Established Neighbourhood Council Rates: Approximately $346 p/q Water Supply: Approximately $82.30 p/q Sewerage Supply: Approximately $94.00 p/q Strata Title Insurance: Approximately $391 p/q - Unit 4 Particulars - Price: $235,000 Bedrooms: 1 Bathrooms: 1 Car Spaces: 1 off-street car space Currently Leased: $220 per week until August 2027 CT: Volume 6188 Folio 84 Council: City of Mount Gambier Zoning: Established Neighbourhood Council Rates: Approximately $346 p/q Water Supply: Approximately $82.30p/q Sewerage Supply: Approximately $94.00 p/q Strata Title Insurance: Approximately $391 p/q Unit 5 (2 bedroom) is also currently available for sale, please contact if you wish to know further information. Property Management: We would be pleased to discuss our property management services we can offer. Disclaimer: The information contained here is gathered from a source that we believe to be reliable. However, we cannot guarantee the accuracy of this information and do not accept any responsibility for its accuracy. All interested parties should rely on their own independent searches and Legal advice. Malseeds Real Estate | RLA115603

Features

3 bedrooms
2 bathrooms
2 carspaces
Apartment

Happy sellers in Mount Gambier

83%
83% of sellers in Mount Gambier reported that their sale price either exceeded or met their price expectations.

Mount Gambier stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 23 reviews in Mount Gambier over the last 12 months.

Local market activity for 3 bedroom apartments in Mount Gambier

In the last 12 months, 9 three-bedroom apartments similar to 3 & 4/9 Francis Street, have been sold.

This represents a 80% decrease in three-bedroom apartments sales when compared to the previous 12 months.

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