4 Fifth Street, Ardrossan SA 5571 | For Sale For Lease

Surplus to owners needs- Properties don’t come along like this! Next door to modern Foodland, 70metres to the main street and a short walk to the jetty, the property consists of 10 self contained units

- 7 x 1 bedroom units (1 double bed and one bunk)
- 2 x 2 bedroom units ( 1 double bed and two bunks)
- 1 x modern 1bedroom cabin front of property (setup as a “Managers” cabin)
-Onsite laundry
All units are fully furnished and upgraded with modern kitchens and vanities.

Features:
- reverse cycle air-conditioning
- upgraded hot water services
- renovated kitchenettes
- electrical meters installed to each cabin
- fully furnished with furniture and appliances
- onsite laundry with coin operated washing machine
- ample car parking
- land area for further cabins to be positioned (STCC)

The property lends itself well to a tourist park operation or for long term rental accommodation. It is also ideal for the semi retired as there is the ability to live on-site and collect income from the other 9 units.

The location doesn’t come any better- the property is in a prime position for future development being ‘zoned town centre’. This can be utilised for commercial and residential applications (STCC). The units at the rear of the property also have sea views.

With the potential Rex Minerals mining development (the mining lease granted in September) and the ‘Ceres wind farm project’ approved by the State Government, the property lends itself to a smart investor with opportunity for capital growth and great returns.

The site has previously been rented as a whole to one national company and used as accommodation to their contracted workers, returning $70k net annually. There is potential to make much more if the site is rented as nightly accommodation and ran as a tourist park.

The property is currently vacant as the owner has carried out renovations. The property is ready to be rented and there is an ability to generate a high return on investment.