Auction Sat, 26th Jul - 10.30am
Investors alert! Welcome to a golden opportunity that combines reliable dual-income streams with the lifestyle perks of a tightly held coastal location.
Offering two fully self-contained dwellings on one Torrens titled allotment, each on separate, secure fixed-term leases with reliable, long-standing tenants already in place. This exceptional property delivers instant income, minimal vacancy risk, and strong long-term growth potential. It's a rare, ready-made investment in a tightly held coastal location where demand continues to rise and returns are rock solid.
Just two streets from the stunning Largs North Esplanade and set on a generous 442sqm (approx.) allotment with a wide 14.63m frontage, this is a rare find that will speak straight to the seasoned investor or smart first-time portfolio builder.
Main Residence:
• 2 bedrooms, 1 bathroom
• Spacious layout with a secure and low-maintenance front yard
• Long-term tenants in place
• Returning $475 per week on a fixed lease until March 2026
• Water Use - 60% / Water Supply - 50%, Separate elec. meter
Detached Guest House:
• 1 bedroom, 1 bathroom
• Completely self-contained with separate access and private outdoor space
• Currently returning $300 per week
• Lease secured until July 2026
• Water Use - 40% / Water Supply - 50%, Separate elec. meter
That's a total of $775 per week – or over $40,000 per year in rental income – already locked in, with stable tenants and minimal risk. This is the ultimate set-and-forget investment, offering excellent cash flow from day one.
Largs North has long been a favourite for tenants seeking a relaxed coastal lifestyle without compromising on connectivity or convenience. With the Esplanade just moments away, the beach becomes your backyard, while vibrant local cafés, shops, public transport, and well-regarded schools are all within easy reach. Plus, being just a short drive to Semaphore, Port Adelaide, and the CBD – this location continues to show solid capital growth trends.
This is a rare and reliable investment opportunity you won't want to miss. Whether you're expanding your portfolio or looking for a set-and-forget asset by the beach, 1 Farringdon Street, Largs North is a standout performer.
All information or material provided has been obtained from third party sources and, as such, we cannot guarantee that the information or material is accurate. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions (including, but not limited to, a property's floor plans and land size, building condition or age). Interested potential purchasers should make their own enquiries and obtain their own professional advice.
OUWENS CASSERLY - MAKE IT HAPPEN™
RLA 275403
