Units 1-3/1 Newton Street

Port Augusta SA 5700

591 m²

Block of units

Currently for sale - view listing

Overview

Solid Triple-Income Investment in a Growing Regional Hub

Three solid brick-veneer units positioned in an appealing pocket of a thriving regional hub present an excellent investment opportunity. The location is particularly attractive, being within close proximity to the local hospitalan area known to attract a strong tenant base of health professionals. Demand is only expected to increase further with the upcoming opening of the RFDS (Royal Flying Doctor Service) Health, Research and Education Centre in Port Augusta. Conveniently, all three units are currently tenanted, generating a combined rental return of $740 per week, providing immediate income for the astute investor. The units are designed to attract reliable tenants, including professionals and retirees. Units 1 and 2 each offer a combined living and kitchen area serviced by a wall-mounted air conditioner, one bedroom with built-in cupboards, and a bathroom incorporating a shower, toilet, and laundry trough. Unit 3 features a larger layout, including a spacious lounge adjoining a generous kitchen and dining area, two bedrooms with built-in cupboards, a dedicated laundry, and a bathroom with separate bath, shower, and vanity, along with a separate toilet. This unit is also serviced by a wall-mounted air conditioner. Additionally, Units 1 and 3 have had new lino and carpet installed within the past five years. Set on an allotment of approximately 591sqm, the property offers three open car parking spaces along the driveway, along with a medium-sized shed on site. The septic system has also been replaced within the past 10 years. Groups of units rarely come to market in this area and are typically snapped up quickly. Don't miss this opportunity to secure a straightforward yet substantial investment in a growing regional centre. 2025/2026 Council Rates: $560 per unit per quarter ($6,720 per annum total) ESL (Emergency Services Levy): $75 per annum total Water: Each tenancy is invoiced $100 per quarter for contribution towards the quarterly SA Water Bill