This great earner offers 2 semi detached homes both tenanted on fixed term leases, showing a healthy return of $440/week.
Ideal for land banking with an income stream until you are ready to develop, the property lies in the heart of the exciting Playford Alive Residential Regeneration Zone promising strong capital growth potential for investors. The homes are conveniently located near bus stops, local reserves, shopping centres and the recently re instated Adelaide to Gawler train line project.
On a large square allotment of 1260sqm (all on 1 Title), this land has a wide frontage of approx 34.7m presenting great potential to subdivide and further develop (STCC).
This is an opportunity not to be missed. Both homes are in good condition and each offer a valuable 4th bedroom. Each also present a large kitchen with combined meals, separate lounge, main bathroom with adjacent laundry and the convenience of a separate wc, making them very attractive to a wide range of tenants.
This investment has better returns than others, plus the added bonus of the potential to capitalise on organic growth and further development.
A great addition to any property portfolio.
Both properties currently have a rental yield of $440 per week combined.
No.29 currently tenanted until 3rd March 2015 @ $220pw No.31 currently tenanted until 11th February 2015 @ $220pm