Enthusiastic Vendor, looking for equally enthusiastic buyer.

This is a rare an unusual offering, as it offers two individual units, currently held as freehold, presented as one building and provides the astute investor with several options:-

- the opportunity to receive dual lease income
- live in one unit and receive income from the other
- has plumbing provision for a third unit, explore the
possibility of erecting a further unit
- corner allotment

Unit 1
Leased at $175 per week until Dec 11 ($5.00 per week toward water usage)
Brick
2 x bedrooms
Open Plan Living area
Modernised Bathroom offering shower over bath, vanity and Laundry facility.
Separate toilet.
Refrigerated split system air conditioner
Ceiling fans
Electric hot water system
Separate enclosed rear yard

Unit 2
Fixed Lease to June 2012 – $220 per week
Brick – recent extension of master bedroom and lounge/living area – timber frame.
3 x bedrooms
Open plan kitchen and large dining with great natural light.
Bathroom offering shower, hand basin and laundry facility.
Separate toilet.
Refrigerated split system air conditioner
Ceiling fans
Electric hot water system
Separate enclosed rear yard
Older style shed/garage – no power – no cement floor
Under unit storage with power point enabling extension to shed/garage when required.

The Units are surprisingly spacious, welcoming and very comfortable – the real appeal is on the inside, in the potential for income and future expansion/upgrading.

The property has recently had new fencing erected, providing separate rear yards and privacy between the units and from the street.

New guttering and all fascia’s and windows have recently been painted.

Close by Kirton Point School, not far to beach or city centre.

There are separate power meters and a shared water meter.

Council rates the units individually:-

Unit 1 – $629.75 pa, Unit 2 – $589.80 – each of these amounts include $55.00 National Resource Management Levy and $45.00 recycling charge.

Water rates – as a whole for both units $544.20 per annum, this includes water, sewerage and River Murray Levy. Water use is additional.

Emergency Service Levy – as a whole for both units $ 70.35 per annum.

A very solid offering viewed from many aspects:-

Solid building
Great prospective rental return
Opportunity to reside and still have income
Possibility of third unit
Leave the property as presented or upgrade further – a choice – not a requirement.
Unify the Units – consider rendering.

Call Melissa 0414 456 385, your prompt attention will ensure you reap the rewards.