Showcasing 6 residences across one title, here lies a rare opportunity to secure a substantial investment in the prestigious suburb of Prospect, where you can enjoy instant returns from Day One.
Welcome to Your New Place Here at 382 Regency Road in Prospect.
Positioned just moments from the Adelaide CBD, local shopping precincts and excellent schooling options, it's no surprise that this impressive investment opportunity is fully occupied.
Spanning two levels, the accommodation comprises a total of 12 bedrooms, six bathrooms, six allocated car spaces and an additional two visitor spaces. Currently generating an impressive $147,940 in annual rental income, with further scope for improvement, this is an opportunity that delivers both immediate returns and long-term investment appeal.
Originally constructed in 1970, Units 14 have each been thoughtfully refurbished and improved. Each of these units feature updated kitchens including gas cooking & pantry cupboards, split system air conditioners to the living space, 2 spacious bedrooms with the master featuring a built-in robe alongside central bathrooms with shower bath combos, and internal private laundry facilities.
Constructed in 2020, Units 5 and 6 introduce a contemporary dimension to the group, showcasing spacious interiors, modern finishes and considered floorplans.
Positioned on the ground level, Unit 5 welcomes a generous open-plan living and dining hub, complete with split-system air conditioning and a modern kitchen featuring gas cooking. A dedicated private laundry with additional storage complements two spacious bedrooms, both appointed with built-in robes, alongside a central bathroom offering a separate bath and shower.
Upstairs, Unit 6 continues the contemporary appeal with an expansive open-plan living and dining space, modern kitchen with gas cooking and a cleverly integrated European laundry. Two generous bedrooms, both featuring built-in robes, are serviced by a central bathroom with separate bath and shower, while a private enclosed deck provides an additional space to relax and unwind.
For investors seeking a substantial long-term landholding with immediate income and future growth potential, the appeal of this opportunity is undeniable. Complete& refurbished with no work to be done, units of this calibre are seldom offered to the market, making 382 Regency Road a truly rare opportunity to secure your next Place in Prospect.
Features of This Place Include:
- Six Units on One Title
- Annual Return of $147,940
- 782m2 Land Holding
- 6 Two-Bedroom Units
- 6 Allocated Carport Parking Spaces
- Additional 2 Guest Parking Spaces
- Updated Switchboards to All Units
- Updated Instantaneous Gas Hot Water Services to All Units
- Fully Leased Investment
- Tenants pay water usage and supply charges
Here to help you find your place, contact Jeremy Marrollo on 0435 882 333 or David Paladino on 0421 649 255 today for more information.
Place Facts:
Land: 782m2
Building Area: 432m2
Title: Torrens
Zoning: Housing Diversity Neighbourhood
Council: City of Prospect
School Zoning: Prospect North Primary, Adelaide High & Adelaide Botanic High
Current Lease Overview:
Unit 1 | $470 per week | Expires 14/4/2027
Unit 2 | $470 per week | Expires 13/3/2027
Unit 3 | $470 per week | Expires 17/12/2026
Unit 4 | $460 per week | Expires 23/4/2027
Unit 5 | $475 per week | Expires 25/06/2027
Unit 6 | $500 per week | Expires 10/2/2027
