9 HANSON STREET, FREELING
Fantastic opportunity to acquire a local Freeling landmark with secure, long-term tenants in the residential home at the rear.
Wonderful returns & possibilities in the expanding town of Freeling, this is the perfect opportunity now to reap the rewards later!
Office area/Commercial building Comprising of 139sqm (approx.) of office/consulting area with 2 separate offices PLUS 169sqm (approx.) rear 3-bedroom home, with side gate access & rear access via the double gates off the laneway.
2 BUILDINGS!!! – One commercial & one A 3 bedroom residential home!
Front building – Commercial Office area
Original Bank SA building that opened in 1965 until 2015 when it closed its branch. It then became the local Real Estate Agency until 2022. Very well-presented, featuring 2 office spaces, large reception area with plenty of storage, original bank vault with the original key. Kitchen with store room. Two separate toilet/vanity rooms. Carport for access to the office. Security cameras and an alarm are installed and currently monitored.
Rental return: $500 per week plus outgoings.
Rear building – Residential 3 bedroom home
Solid brick home, featuring high ceilings. 3 bedrooms. Large lounge room and separate dining room. Kitchen is large with plenty of storage space, gas oven and a small meals are. Main bathroom with bath and shower. Separate toilet. Year-round comfort with 2 Reverse Cycle Air conditioners (one either end of the home) & a slow combustion heater in the lounge room. Large rear veranda joined to the carport giving a large entertainment area. Garden/tool shed. Single garage for a car or storage off the carport.
Current rental income is $325/week on a periodic lease with long term tenants.
With professional property management & guidance, this property as a whole could achieve around 7.2% return on your investment!
Specifications:
Council / Light
Zone / Township Activity Centre
Land / 661sqm (approx.)
Buildings / 308sqm total (approx.)
Easement / No
