An appealing opportunity for investors, this property comprises two ground-level units held on one title in a prime and highly sought-after North Shore location, enjoying a rare position at the water's edge on Port Lincoln's magnificent sheltered harbour. The property offers the benefit of two rental incomes from a single property.
Both units are currently occupied by long-term, secure tenants, providing an attractive option for those looking to add a straightforward investment to their portfolio with established rental income.
Each unit offers a practical one-bedroom, one-bathroom layout with its own single carport and private entry. Positioned along Lincoln Highway, the property is conveniently located close to the foreshore, CBD and local amenities.
With two separate residences and one title, this is a unique opportunity for investors seeking a simple addition to their portfolio, with both tenancies already in place.
Key Features:
- Two ground-level units on one title
- Prime, highly sought-after North Shore location
- Staircase access directly to the water's edge
- Each unit is leased at $310 per week
- Combined income of $620 per week
- Long-term secure tenants
- One bedroom, bathroom & carport per unit
- Ocean views from the front of each unit
- Solid brick, low-maintenance construction
- Delicatessen & laundromat across the road
- Walking distance to the foreshore, jetty, CBD & Port Lincoln Hotel
- Subdivision potential STCC
A unique opportunity to secure two rental incomes from one title!
Specifications:
CT / 5075/37
Council / Port Lincoln
Zoning / SN
Built / 1966
Council Rates per annum/ $1495.20pa per unit
Strata Rates / $486.25pq
Strata Manager / Justin Woolford
Emergency Services Levy per annum/ $76.40pa
SA Water / $176.30pq
Estimated rental assessment / $620 per week. Written rental assessment can be provided upon request.
Nearby Schools / Port Lincoln H.S, Port Lincoln Primary and Junior P.S, St Joseph's School, Navigator College, Kirton Point P.S, Lincoln Gardens P.S, Poonindie Community Learning Centre, Tumby Bay Area School, Lake Wangary School, Cummins Area School
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 358294
