A rare Gilberton opportunity with five two-bedroom, one-bathroom units held on one valuable single title, this is a land-rich inner-north holding with dependable rental appeal and a straightforward ownership structure. Offered to the market for the first time since construction and held by the same family throughout, it speaks to the enduring appeal of this tightly held Gilberton location.
Each unit includes its own undercover carport, while smartly renovated Unit 3 elevates the offering with contemporary improvements that create a reference point for future upgrades across the group, including freshly painted interiors, a new kitchen, stainless-steel dishwasher and a bathroom featuring contemporary tiling, new vanity, WC and semi-frameless shower.
The remaining units are practical with light-filled living areas, functional kitchens, ceiling fans and split-system air conditioning, supporting reliable rental performance from day one. Beyond its immediate rental income and landholding strength, the property may present future subdivision or redevelopment opportunities (subject to planning and council consents), adding another layer of potential to this tightly held inner-city asset."
The position places River Torrens Linear Park, Walkerville Terrace shopping and cafés, North Adelaide, Melbourne Street dining and direct access into the Adelaide CBD all within close reach. The location is also well placed for Walkerville Primary School, Adelaide Botanic High School, Adelaide High School, St Andrew's School, Wilderness School and St Peter's College.
With five residences, established rental appeal and the underlying strength of a single-title Gilberton landholding, this is an exceptional acquisition in a tightly held pocket close to the city, the river and some of Adelaide's best daily conveniences.
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RLA 313174
