A fantastic opportunity for investors, multi-generational families, or buyers wanting to live in one home while renting the other. This property comprises two separate, self-contained 3-bedroom homes on a single title no strata or community title complications.
Property Features:
Two separate 3-bedroom, 1-bathroom homes, each with its own separate toilet
6 bedrooms and 2 bathrooms combined across the property
Generous 1,243m² allotment
Fully fenced
Single title one rates notice, one insurance policy, simple to manage
Current Tenancies:
30 Miller Street: leased at $310/week until 19 April 2027 (current rent appraisal $380/week)
32 Miller Street: leased at $310/week until 13 April 2027 (current rent appraisal $380/week)
Combined current rent: $620/week, with appraised potential of $760/week once leases roll over
Location:
Perfectly positioned in an established, family-friendly pocket of Mount Gambier:
- Melaleuca Park Primary School approx. 0.5km, an easy walk
- Grant High School approx. 0.7km, an easy walk
- McDonald Park School approx. 1.9km
- IGA Swallow Drive approx. 0.8km for everyday grocery needs
- Mount Gambier Central shopping centre approx. 2.4km (Kmart, Foodland, food court and specialty stores)
- Woolworths & Coles on Commercial Street East approx. 2.52.7km
- Mount Gambier CBD approx. 56 minute drive
Both leases are due for renewal within days of each other in April 2027, offering a new owner a clean opportunity to bring rents in line with current market appraisals.
Extra Information:
Council Rates: $1,600.00 p/a approx
SA Water Supply Charge: $88 p/qtr
SA Water Sewer Supply Charge: $104.00 p/qtr approx
Emergency Services Levy: $90.00 p/a approx
Call OR SMS Luke Whittaker at 0490 459 107 or contact 1300 123 276
Please find a link to the online offer form - https://goo.gl/Df8mbU
Buyers' Agency Notice:
We will do our best to assist with your enquiries and receive offers. To maintain confidentiality and gather accurate information and feedback for our vendors, please note that all contract discussions and contract matters will be discussed directly with the offeree.
Have a Property to sell?
Volume is vanity; gross is gold. Please reach out for a bespoke service.
Luke Whittaker 0490 459 107
Sales Agent/Property Manager - APN Real Estate
Patrick Nhim 0421 473 210
Director - Adelaide Property Network
RLA 255336
