This first floor side unit, whilst securely leased until April 2019 to excellent long term tenants, offers a wonderful opportunity to the astute investor looking for a property to upgrade and renovate to further increase its value. In attractive sound original condition, with 2 bedrooms (main with robes), lounge, kitchen, bathroom plus off street parking space. Always a popular rental option due to its brilliant beachfront location adjacent a cafe, the excellent Seacliff Hotel and just walking distance to train, bus and sailing club. Some modernising would quickly add value and maximise the popular beachside location.
Current Government valuation $275000
Current Council Rates $967.50pa
SA Water – 12 months to 30/6/18 $720.66
Strata Fund including sinking fund $380.19 per quarter
Please note definitely inspection only at first “Open Inspection” on Saturday, 7th July from 3pm to 3.30pm.
|R&H Suburb Summary||Houses|
|Number of sales||25|
|Median Rental Price||$530 p.w.|
|Change in Rental Rate (5yr)||21 %|
|R&H Suburb Summary||Units|
|Number of sales||8|
|Median Rental Price||$320 p.w.|
|Change in Rental Rate (5yr)||8 %|