Entire Complex of 3 Units and a 3-Bedroom Home – This Amazing Opportunity Is Yours Now!

Capitalise on this incredibly rare opportunity to secure an entire block of units. The options are endless with such a unique property. Unique development, investment or superannuation opportunity

Unit 1/1 Ophir Crescent is a three bedroom 1956 built contemporary style home. The home has a formal living room with adjacent kitchen/meals, a classic 1950’s bathroom, and private rear courtyard.
Rental $320 PW
Leased to 4/4/17
Yearly Gross Rent $16,640

Unit 2/1 Ophir Crescent is in fairly original condition with long term tenant. The open plan living and meals is spacious and airy while the master bedroom is serviced by an ensuite style bathroom.
Rental $177 PW
Leased to 8/5/17
Yearly Gross Rent $9,204

Unit 3/1 Ophir Crescent is the most recently refurbished with an updated kitchen and updated bathroom. The unit is extremely neat and tidy and features polished floors.
Rental $210 PW
Leased to 26/7/17
Yearly Gross Rent $10,950

Unit 4/1 Ophir Crescent is located at the rear of the group and is located next to the common laundry area. Updated in both the kitchen and bathroom and rented to a long term tenant this unit like all the units overlooks the lawn front garden area.
Rental $210 PW
Lease to 2/11/16
Yearly Gross Rent $10,950

Located within minutes to beautiful local beaches including Kingston Park, Seacliff & Brighton beaches, with easy access to transport and a short walk to the Seacliff Train Station or just a short drive to Westfield Marion Shopping Centre and Flinders Medical Hospitals and University.

- Side lane access to property, scope for further parking (STCA) – already space for three/four cars (Right of Way)
-All apartments are tenanted to quality tenants with potential to increase rent
- Attracting gross returns of $47,744 per annum (approx.)
- Torrens Title at the moment but perhaps Community Title (STCA)
- Quiet, tree lined street with easy access to transport, shopping and beaches
- 933 sqm allotment (approx.) with dual street frontages
Assuring your investment portfolio a solid return – Seldom does an opportunity arise such as this. The complex offers spacious units plus three bedroom home, an astute investor might further develop the site if desired. Situated on 933 sqm (approx.) of prime real estate on the elevated side of the road in a peaceful and quiet tree lined street. Your inspection is highly recommended.
Agent Note: The following statistics apply to Houses in SEACLIFF PARK (Based on Suburb Scorecard updated monthly. Statistics based on Aug 2015) – Change in Median Price (5yrs) is -0.3% – Annual Change in Median Price (10yrs) is 4.2% – Median Asking Rent for SEACLIFF PARK is $380 per week

CT: 5251/621
LGA: Holdfast Bay
Rates: TBA
Zone: Residential
Easements: Nil
Land: 75’ by 134’
Year Built: Approx. 1956
If a land size is quoted it is an approximation only. You must make your own enquires as to this figure accuracy. DB Philpott does not guarantee the accuracy of these measurements. All development enquires and site requirements should be directed to the City of Holdfast on 8229 9999. Purchasers should conduct their own due diligence and any information provided here is a guide and should not be relied upon. Development is subject to all necessary council consents.
Don’t miss out this could be the one.
For all enquiries please call Beverley Philpott 0414 880 001 or David Philpott on 0414 422 889
DB Philpott is proud to service the local area and if you are thinking of selling you should give the team a phone call to arrange a free no obligation market opinion.

You should assess the suitability of any purchase of the land or business in light of your own needs and circumstances by seeking independent financial and legal advice – RLA 46442