Three Leased Units on One Title. Combined Rental Income of $36,000 (approximately).
Investors can’t go past this incredible opportunity to secure this unique Hayborough property. 50 Sutherland Avenue offers three units on the one title, making this a must buy for anyone wanting to maximise their returns and take advantage of the high demand for accommodation in this beachside locale.
Offering two, two-bedroom units and one three-bedroom unit. Constructed in C1976.
The 836sqm (approximately) block has an 18.29m (approximate) frontage and a depth of 45.72m (approximately), suggesting possible future redevelopment potential (subject to council consent), while the current unit block is sure to delight anyone seeking an instant return.
Located within walking distance (500m approximately) from the beachfront where the sunset views are a must see, while also being close to local cafes and shops.
Unit 1:
- 3 good sized bedrooms
- Open plan kitchen and dining area with ceiling fan
- Separate living room
- Original bathroom with separate shower and bath + separate toilet
- Separate laundry
- Undercover allocated carport
- Currently tenanted for $470 per fortnight until 20/08/2022
Units 2 and 3:
- 2 good sized bedrooms
- Open plan kitchen and dining area
- Separate living room
- Original bathroom with separate shower and bath
- Separate laundry with external access
- Undercover allocated carport for each unit
- Unit 2 is currently tenanted for $460 per fortnight until 11/04/2022
- Unit 3 is currently tenanted for $460 per fortnight until 23/06/2022
Situated in a prime position with just a short drive to Victor Harbor, Port Elliot and Middleton. Public transport is within easy reach while a range of schools, services, parks and so much more is all at your fingertips.
Please note: Internal photos are of unit 1.
For further information contact Gabriel Titmarsh on 0497 191 000 or 8269 7711 (office).
All information provided has been obtained from sources we believe to be accurate, however, we cannot provide any guarantee and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice.
The Vendor's Statement (Form 1), the Auction Contract and the Conditions of Sale will be available for perusal by members of the public - (A) at our office located at 78-80 North East Road, Walkerville for at least 3 consecutive business days immediately preceding the auction; and (B) at the place at which the auction is to be conducted for at least 30 minutes immediately before the auction commences.
RLA 200591
