Positioned in a high-demand location close to the CBD, this is a rare and exciting investment opportunity to secure five income-producing units on a substantial 1,600 square metres of land over two allotments (two titles) with no easements. Fully leased and currently achieving a combined rental return of $1,180 per week, this property offers immediate income with strong tenant appeal.
The complex comprises five two-bedroom units, each designed to provide comfortable and functional living. Three units feature an open-plan living and kitchen area, two bedrooms, bathroom, laundry, and access to their own private backyard. The remaining two units offer an appealing layout ideal for shared living arrangements, featuring large open-plan living and kitchen areas, two generously sized bedrooms each with their own bathroom, plus separate laundries with backyard access.
Each unit also enjoys its own cosy private backyard, while comfort is catered for with air conditioning and ceiling fans throughout. Adding to the practicality and helping to ensure minimal upkeep, there are no carpets throughout the units. Open car parking spaces are also available within the front yard area for tenant convenience.
Located within close proximity to the CBD and everyday conveniences, this property presents an outstanding opportunity for investors seeking multiple income streams in one acquisition.
Outgoings:
- Council Rates (2025/2026 Financial Year): Approx. $1,687 per unit per annum
- ESL (Emergency Services Levy): Approx. $91.50 per annum
- SA Water: Owner responsible for initial quarterly SA Water account (water supply and usage), - with each tenancy reimbursing 1/5 share
- Sewerage: Septic system, with drainage arranged by Council and included within the rates
- Owner responsible for maintaining common yard areas
