53 Garden Terrace

Lockleys SA 5032

929 m²

Block of units

Last sold for $1,800,000

Anthony Fahey, last sold this property on 23 September 2024 after 27 days on market.

Overview

RARE & EXCITING INVESTMENT OPPORTUNITY

Currently returning $80,860 per year, with four excellent fixed term tenants. Set on a generous 929sqm Torrents Titled allotment featuring four solid brick two bedroom units, each with its own outdoor courtyard and allocated undercover carport. Three of the four units have been updated internally, and been well looked after by the tenants. With all the hard work done providing a solid long term investment. Located within the highly desired leafy suburb of Lockleys, this unique investment opportunity provides an exciting prospect for those savvy investors. Situated in a tree lined street, and set just a short stroll to the Torres Linear Park trail. With easy access to some of Adelaide's best beaches, and back into the CBD this central location ticks all the boxes. Features of the units: - Open plan living area. - Dedicated meals area off of the kitchen. - Kitchens includes updated cabinets with a freestanding oven & cooktop. - Bedroom 1 - Bedroom 2 - Bathroom includes a bath / shower combo with a vanity and toilet. - Separate laundry room. - Outdoor patio. - Undercover carport. - Use of the common lawn area at the front, with added space in the rear. - Solid timber flooring. - Split system aircon unit. - Window treatments. Unit 1: Leased at $410 p.w until December 2025 Unit 2: Leased at $400 p.w until July 2025 Unit 3: Leased at $385 p.w until March 2025 Unit 4: Leased at $360 p.w until April 2025 Council Rates - $4590.60 per year SA Water & Sewer Connections - $3870.08 per year Emergency Services - $202 per year Whether as a first time investment, self-managed super fund or to add to your portfolio this is an opportunity not to be missed. Contact Agents for further information. RLA183205