This 852sqm allotment is nicely positioned for the investor with long term thinking, the 22.22 metre frontage makes this an ideal site for future subdivision whilst in the shorter term it provides investor security with its very rentable & livable three bedroom home.

The total land area & its frontage provide the potential to create two well placed ‘Torrens title’ allotments (stcc) & under the ‘Residential’ zone in Nuriootpa, the possibility also exists to develop the site & create a trio of semi-detached ‘Community title’ villas here (stcc) within easy & convenient walking distance to shops & town services.

Meanwhile, this property could suit your investment needs just ticking along quietly with an obliging & happy long term tenant (current lease is fixed until July 2011) & may prove financially handy to continue on this way for years, reaping the tax benefits of property investment until your time is right.

The residence is light & bright inside with big windows & sliding glass looking onto the lovely cottage garden surrounds. With three large bedrooms, a family bathroom, upgraded kitchen with new dishwasher & new stove plus spacious open plan family living offering numerous lounge room & dining options, this property has all the features to ensure it is a sought after rental in its price range.

Slow combustion heating, recently installed split system air conditioning, new gas hot water & new kitchen appliances should ensure that any annoying appliance issues don’t crop up for a good few years, with most items still under warranty.

Outdoors the property is fully fenced with a double garage & attached carport, very well set up to attract & sustain quality tenants. Lots of ticks in boxes here for a neat little investment property, offering you a secure long term rental return with the potential to develop & capitalize on the site sometime in your future vision.