25 and 27 East Terrace, Meningie consists of two homes, located on one residential parcel of 737m2. The homes, built in 1970 are of timber construction with external cladding.
Both homes are currently tenanted returning $365 per week, which represents an 8.6% rental yield, with room for improvement. They are identical in layout, consisting of two bedrooms with built in robes.
The centre of the home contains the open plan kitchen/dining/lounge. The lounge is carpet, while the modest but functional 70’s kitchen has vinyl floor coverings.
Both homes contain air conditioning to the living areas, with number 27 having an update reverse cycle unit.
The bathrooms are of good order with updated shower screens. The laundry has direct access to the rear yard.
Outside the secure yards are separated by steel mesh fencing with both homes having small rainwater tanks and garden sheds.
A freestanding two bay carport to both units completes the exterior.
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Disclaimer
Whilst every precaution has been taken to ensure that the information contained herein is true and accurate, we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers or tenants should make their own enquiries to verify the information contained herein and do their own research.
