Auction guide $580,000- $630,000
Valuer Generals January 2011 assessed value (CV) $735,000 viz 40 College Road Somerton Park (CV) $340,000 plus 40A College Road Somerton Park (CV) $ 395,000.

Just 500 metres back from the beach within walking distance to Jetty Road Glenelg, this recently renovated and upgraded circa 1925 Bungalow is currently configured as two separate tenancies on one Torrens Ttle Allot. with a collective rental return of $31,200 pa.

40A College Road (rental $325pw) has been fully renovated with a formal gas heated Lounge, new bathroom, new kitchen with stainless steel appliances, casual eatery leading to timber deck with dual BBQ gas points. New reverse cycle split system air conditioning. New Bosch instantaneous gas hot water and new communal Laundry. R5 roof insulation. Off-street parking for one vehicle.

40 College Road (rental return $275pw) is neatly presented with formal Lounge Kitchen/Casual eatery and recently renovated bathroom. Bosch instantaneous gas hot water. New reverse cycle split system air conditioning and new communal Laundry. R5 roof insulation. Off-street parking for one vehicle.

If required by Purchaser -Agent will place 12 months tenancies at the quoted rental return effective from the date of settlement as a condition of purchase.

OR If required by Purchaser – Vendor will attend to building works prior to settlement to revert home back to one residence by converting 40 College Road kitchen to bedroom one with walk in robe – refer to concept floor plan A