418 Main Road, Coromandel Valley, SA, 5051

For Sale

418 Main Road, Coromandel Valley, SA, 5051

1162 m²

House

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Next inspection:: Wednesday 19 August 12:00 PM

Inspection times

19th Aug

Wednesday

12:00 PM - 12:45 PM

22nd Aug

Saturday

11:30 AM - 12:15 PM

What's around 418 Main Road

TWO COTTAGES ON LEVEL CORNER ALLOTMENT

Exciting opportunity to secure this very flexible property with multiple options on large level 1162 sqm corner allotment. Held by one owner since 1996, this property has excellent investment value now and into the future. THE MAIN COTTAGE: Comprises of two generous sized bedrooms + study, kitchen/meals, separate lounge with gas open fire place. - Ducted gas heating & evaporative ducted air conditioning - Updated bathroom - Separate toilet - Polished timber floors - Large laundry - Garage & workshop - Large front yard - Ample off-street parking It is currently leased until 2nd August 2027 at $550 per week. THE SECOND COTTAGE: Featuring one spacious bedroom, lounge/dining, separate kitchen and bathroom. - Bathroom with toilet - Reverse cycle air conditioning - Good size rear yard & shed space - Carport at the front It is currently leased until 23rd August 2027 at $380 per week. A fence separates and provides privacy for the cottages, creating two independent spaces. Both have their own access and undercover parking together with private yards. This property has many options, plenty of scope to change and develop (subject to council consent) to suit your requirements. It has multigenerational possibilities, home plus income or pure investment as it is today. Properties like this are of such benefit for those entering the property market for the first time. It provides the security of cash flow in these uncertain times and an easier entry to the property market knowing you have an income available if needed. A building inspection report is available to download for only $69.00. In my experience these types of properties rarely become available and when they do they are highly sought. We encourage you to step in and register your interest today!