1,2 & 3/40 Forster Street, Port Augusta, SA, 5700 - BlockOfUnits Sold on 09 09 2025

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Port Augusta

SoldSep 9, 2025

1,2 & 3/40 Forster Street, Port Augusta, SA, 5700

$430,000

255 m²

784 m²

BlockOfUnits

•

30+ days on the market

Sold: Sep 9, 2025

What's around 1,2 & 3/40 Forster Street

Investor Opportunity 3 Units on One Title with Strong Rental Return

Set in a convenient location within walking distance to a primary school, medical centre, pharmacy, and a handy corner deli, this solid investment package comprises of three units on one title. Built circa 1987, the property offers immediate income with all 3 units currently occupied. Currently returning a combined $585 per week, with a scheduled rent increase on 18/08/2025 taking the total weekly income to $660 p.w, this is an ideal opportunity for investors Two of the units are attached, while the third enjoys the privacy of a standalone layout. Each unit features: Open plan living, dining, and kitchen area Two bedrooms Combined bathroom and toilet Practical laundry facilities Split system or wall unit air-conditioning Low-maintenance flooring throughout Private rear yards With its practical design, reliable tenancies, and rental return, this is a rare chance to secure a multi-income property. An added bonus another identical set of units is available just metres away. Refer to the separate listing for details - Units 1,2 & 3/36 Forster Street Port Augusta. Current tenancy details, rent and quarterly water contributions; Unit 1/40 Forster Fixed lease: 10/05/2025 to 08/05/2026 | $225 per week - plus $100 water contribution per quarter Unit 2/40 Forster Periodic lease | $150 per week (increasing to $225 from 18/08/2025) - plus $22.87 water contribution/share of supply per quarter Unit 3/40 Forster Fixed lease: 13/06/2024 to 12/06/2025 | $210 per week - plus $100 water contribution per quarter Video Link available upon request Council Rates (2024/2025): $4,947.40 p.a (combined)

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Seller's review

7 months ago

Verified Review

Great experience to work with Nicole

I did work with Nicole in buying and selling and she was the the best person to work with Nicole getting the purchase and the sale all done online where Nicole facilitated everything securely and professionally. The best thing was I had all the settlement down while I was overseas and everything worked perfectly. Nicole coordinated with solicitors in getting everything on time perfectly. I would strongly recommend her approach in getting thing done Thanks Nicole for your great help

Seller