Prime Investment Opportunity: 3 Tenanted Units on One Title in Urban Corridor Zoning!
Introducing an exceptional investment opportunity on Churchill Road, Prospect. This offering includes three units, all conveniently on the same Title, providing a rare chance to acquire a multi-unit property in an Urban Corridor Zoning. With all three units currently tenanted, this presents a lucrative investment proposition with immediate rental income.
Located in a highly sought-after area, this property holds immense potential for development (subject to planning consents). The Urban Corridor Zoning designation offers flexibility for various development opportunities, allowing you to explore the possibilities of expanding or upgrading the existing units. (Subject to planning consents)
Each unit compromises 2 bedrooms, 1 bathroom and are currently tenanted, providing a steady and reliable income stream from day one. This turnkey investment ensures minimal effort and maximum returns for savvy investors.
Situated on Churchill Road, this prime location boasts excellent connectivity to nearby amenities, including shopping centres, schools, parks, and public transportation options. The area's growing popularity and strong rental demand make this an enticing prospect for astute buyers seeking solid returns and future growth potential.
Don't miss out on this outstanding opportunity to secure three tenanted units on Churchill Road. Whether you're looking to expand your property portfolio or embark on a development venture, this offering ticks all the boxes.
Unit’s comprising of:
- Two bedrooms of good size
- Central main bathroom
- Spacious kitchen and living area with split-system air-conditioning for comfortable climate control
- Unit 2 has been renovated throughout with updated flooring throughout, new kitchen, bathroom, and laundry
- Rear courtyard
- Garden shed
- Undercover carport with a car space for each unit
- Remote controlled security gate
- Unit 1 tenanted until May 2024 for $380.00 per week
- Unit 2 tenanted until September 2024 for $380.00 per week
- Unit 3 tenanted until January 2024 for $310.00 per week
Within easy walking distance to all of the shopping and entertainment options that Prospect Road offers plus eateries including Frankly Bagels and Bottega Bandito. Also conveniently close to North Park Shopping Complex, Sefton Plaza and ample public transport options. Located close to a variety of quality schools such as Blackfriars Primary School, Prospect Primary and Nailsworth Primary and zoned for the Adelaide High School and the new Adelaide Botanic High School. All of this and only 4kms (approximately) to vibrant North Adelaide and 6kms (approximately) to the CBD.
For further information please contact Fadi Oudih on 0455 999 007, Surinder Singh on 0488 555 119 or 8269 7711 (office).
All information contained herewith, including but not limited to the general property description, price and the address, is provided to Boffo Real Estate by third parties. We have obtained this information from sources we believe to be reliable; however, we have not verified and do not guarantee its accuracy. The information contained should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.
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.