Attention astute investors and developers! On offer is a perfectly positioned investment property on a large 745sqm (approx) corner allotment with development potential. A rare opportunity that has the potential to create an additional block (STCC) whist keeping the existing dwelling. Boasting a wide dual frontage with a 30 metre length at its longest. Applications at a cost of approximately $3000 have been lodged with council and have been APPROVED subject to conditions. You could subdivide and sell (STCC) or rent out now and redevelop later with the fixed lease of $210 per week until 17th September 2016.

This semi-detached home has been repaired, repainted and fitted with various accessories including replacement door handles, windows, blinds, curtains, white ant treatment and much more to minimize maintenance matters. The lounge has recently had a split system air conditioning unit installed as well as TV antenna for comfort and entertainment. Adjacent is an updated kitchen and meals area with a new freestanding electric oven, cook top and laminate cupboards for greater rental returns. There are three good sized bedrooms, a rejuvenated bathroom, large linen storage cupboard and laundry at the rear with a separate toilet to appeal to a wide range of tenants.

Located in a prime position with an annual capital growth of 2.54% and a rental yield of 8.08% (information sourced from http://www.yourinvestmentpropertymag.com.au/), this home is a perfect rental with potential to subdivide and develop for dual income to propel your property portfolio! In addition, a land division application (costing more than $3,000) is currently underway, so you can subdivide and sell the land for some quick cash or develop as you desire.

Conveniently located so close to bus stops and within short walking distance to Womma road train station, TAFE, Elizabeth Shopping Centre, Dauntsey reserve and local doctor’s surgery, you are so close to all the best local facilities. Whether you are an investor or a developer this is a future money maker.

Invest for the future and watch land values rise as you count the dollars rolling in or subdivide and re-develop (STCC) the choice is yours! This investment offers unbeatable price, position and potential! Call Mike Lao now to inspect!
Want to find out where your property sits within the market? Have one of our experienced agents come out and provide you with a market update on your home or investment! Call Mike Lao now on 0410 390 250.

http://raywhitesalisbury.com.au/sell/property-appraisal/

Specialists in: Andrews Farm, Angle Vale, Blakeview, Burton, Craigmore, Davoren Park, Elizabeth, Gawler, Hillbank, Munno Para West, One Tree Hill, Parafield Gardens, Para Hills, Paralowie, Salisbury, Salisbury East, Salisbury North, Salisbury Plain, Salisbury Park, Salisbury Heights and Smithfield.

Ray White Salisbury, Number One Real Estate Agents, Sale Agents and Property Managers in South Australia.

Disclaimer: Every care has been taken to verify the correctness of all details used in this advertisement. However no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions.

Council / City of Playford
Built / 1960
Land / 745sqm (approx)
Internal /88sqm (approx)
Council Rates – $1,206pa (approx)
Water Rates – $194.89pq (approx)
ESL – $122.40pa (approx)
Currently rented at / $210 per week until 17/09/2016