A fantastic Business/Investment opportunity offering 12 separate residential rental units.

Originally established by the Australian National Railways as a changeover point for their Train Drivers and staff.

The property consists of 8 fully self contained 1 br units comprising kitchen/dining/lounge area, 1 br plus bathroom with shower, vanity and wc.
Set on a large 3958sqm allotment.

Also there is 4 single bedroom units with bathrooms that share a common room for their cooking/dining/lounge facilities.

There is also a laundry that all tenants have access to.

All units are currently furnished.
3 air conditioners are not working.

Ideally suited to the short-mid term rental market and the property has shown good returns over the past few years.

Our Company has managed this property and we have a great understanding of the best management practises for this complex.

Wolseley is situated approximately 12 kms east of Bordertown and 2 kms south of the Adelaide – Melbourne (Dukes Highway) just west of the Victorian border.

Bordertown and surrounding districts boast a great diverse workforce and we currently have major businesses such as JB Swift (Abattoir), Blue Lake Milling, Tatiara Truck and Trailers, Viterra, Tatiara Seeds and many other businesses that are based here.

Outgoings of this property that are paid by the owner are as follows:

1) Local Government Rates including water supply.
2) Land Tax (if applicable)
3) Supply of power to whole property
4) Rubbish collection fee.
5) Repairs and maintenance
6) Replacement of furniture and electrical items as required.
7) Property management services.

Local Government rates are $1467.40 per annum and the property is zoned Country Township Wolseley.

The average of the power account would be approximately $700.00 per month but that is determined by amount of tenants and times of high occupancy during hot summer and cold winters.

We would recommend some repairs and maintenance requirements be attended to by an incoming purchaser.

Terms of Sale are a 10% deposit on the fall of the hammer and balance in cash at settlement on the 22nd Day of August 2011.

For further information please contact the sole selling agent only and all inspections are to be by appointment to respect the current tenants’ privacy.

Contact Malcolm Hautop on 0412 825 487

RLA 155183