12 Units With Huge Rental Returns and Excellent Vacancy Rates

29-31 Spencer Street, Port Augusta, SA 5700

17 beds 12 baths 12 cars
Block of Flats


Can I afford this home?
Paul Bateman

29-31 Spencer Street for Sale

Offering a massive potential rent return of over $90,000 gross approx. This prominently located business enterprise will surely satisfy those who wish to truly feel what investing in property is all about.

Comprising of twelve units all complete with their own bathroom, living area, air-conditioner and bedroom/s.
Set on a large block of 1,450m2 approx split over two titles making it a very large land holding.

- 4 of the 12 units have been recently renovated
- Block size 1,450m2 Approx
- 12 Units for sale / 4 x 2 Bedrooms and 8 x 1 Bedrooms
- On 2 titles
- Each unit is sold completely furnished
- Air-conditioners in each room
- Passive income stream of approximately $90,000 per year

- Gardening and general maintenance ($60 per month approx)
- Landlord insurance (TBA)
- Management fees (Standard 8% approx)
- Letting fees (1 week for a 6 month lease and 2 weeks for a 12 month lease)
- Units are furnished as per the photos online
- Water is charged at $40 for a single and $50 for a double.

DOWNLOAD THE CURRENT LEASE SITUATION AND COST BELOW - AS AT 2th October 2016 - (Paste this into your browser):
Highlight Feature: Air Conditioning, Close to Transport
Land Area: 1,450 sqm
Rooms: 29
Parking: 12 cars
Summary of this property:
- Address: 29-31 Spencer Street, Port Augusta
- Bedrooms: 17
- Bathrooms: 12
- Parking spots: 12
- Contact : Paul Bateman
- Agency: Ray White Northgate
What's Nearby
What's Nearby

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Meet the Neighbours near 29-31 Spencer Street

SA1 - 4114232 See demographic, employment and income info about the people living in this part of Port Augusta

29-31 Spencer Street, Port Augusta is for sale and we can show you more information about the properties and neighbours nearby. Take a look at the pocket insights below to find out more about how this neighbourhood weighs up against the rest of the suburb. If this will be an investment property, you can use these stats to see what the rental market is like in this part of Port Augusta.

Monthly Personal Income
Monthly Household Income
Monthly Mortgage Repayments
The average age is 42
Majority are Couples without children
Most residents Renting

Weekly Income

Port Augusta
Employed as Health care and social assistance
Health care and social assistance
Retail trade
Public administration and safety
Accommodation and food services

Pocket Profile

Ask Paul about 29-31 Spencer Street, Port Augusta, SA 5700

Paul Bateman
Ray White Northgate
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