5-7 Thomas Street

Edithburgh SA 5583

3600 m²

House

Graeme Walker, last sold this property on 25 March 2022 after 336 days on market.

Overview

A 3600 SQM ALLOTMENT WITH INCOME AND LOADS OF POTENTIAL

This unique property is set in the heart of a lovely historic seaside township, currently earning $500 per week from 4 separate tenants. The potential is untapped, A SPACIOUS HOSTEL SITS VACANT, it is registered for 20 people, Backpacker style recreational accommodation, featuring a well-equipped kitchen, multiple bedrooms huge lounge and games rooms and lots more. In need of some minor TLC, "the current owner just simply does not have the time", this presents an excellent opportunity for a new owner to greatly increase their income. Covid19 has caused many people to seriously consider the lifestyle and cost benefits of living in a regional community and as travel restrictions ease the tourists will flood back. Edithburgh is a thriving town on the southern side of Yorke Peninsula, just 2 and a half hours from Adelaide it is renowned for its hospitality and its excellent fishing. RLA266739 RLA266739 / www.christiesbeachprofessionals.com.au

Features

8 bedrooms

2 bathrooms

3600 m² lot size

House

Estimated Value

We need at least 3 similar 8 bedroom houses sold in Edithburgh over the last 12 months.

Property history for 5-7 Thomas Street

2022

Sold

Undisclosed

Private Sale/Treaty on 25 Mar 2022 by Graeme Walker, of Professionals Christies Beach

Happy sellers in Edithburgh

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