5 Lipson Place, Port Lincoln, SA 5606

  • 14
  • 7
  • 2

For sale

$1,200,000

Prime Investment Opportunity - Look No Further

A well presented group of two story townhouses in a much sought after location, all on one single Title.

Originally designed for low maintenance and durability, the whole group still has that timeless enduring feel, and continue to be fully tenanted after some years of operation.

Units 2,3,4 & 5 have been updated & modernised featuring new kitchens and bathrooms.

Four of the units are identically configured as two bedrooms up. One as three bedrooms up, all with living and bathrooms down, while the master two bedroom unit is set up as a manager’s residence with storage and work shed as well as extra large living and office room (which can be utilized as an extra bedroom) attached to the base unit.

Each standard unit is described as being great accommodation for the growing family waiting to build their own home, or the perfect downsize option.

Entry to the standard units is via the generously proportioned carpeted living area, open to the functional tiled kitchen and dining room.

A wooden stairway leading to the upstairs bedrooms is against one wall, while a doorway in one corner gives access to the combination tiled laundry, bathroom and toilet.

Upstairs, the landing leads to a good sized master bedroom, and a second bedroom, both of which are carpeted.

Each unit has a carport attached and a small storage shed available.

One of the units has been converted to a three bed configuration by building above the carport, and extending the roofline. Each of the units has its own courtyard space either at the side or rear.

The master unit, as well as the extra internal space provided by the two large rooms already mentioned, also has an extra full bathroom and toilet.

There is a 20×20 garage as well as the carport, and a larger rear courtyard.

All in all, this set of units has everything in place to create either a good personal income or become a great investment for any astute purchaser with a keen eye on the future.

The whole property can only be described as immaculate all the units are presented impeccably and this has led to securing quality tenants.

Expected annual rental return is approximately $76,000.

Call Steve Prout of Raine & Horne now on 0428 601 855 to arrange your full inspection on this excellent offering.

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Director/ Property Consultant (Port Lincoln & Surrounds)

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Property Info:
  • Property ID: L455398
  • Property Type: BlockOfUnits
  • Garages: 2
  • Land Area: 1910.0 sqm
We Know Your Area
R&H Suburb Profile: Port Lincoln

R&H Suburb Summary Houses
Number of sales 304
Average Price $361,474
Median Price $330,000
Median Rental Price $313 p.w.
Change in Rental Rate (5yr) 4 %
R&H Suburb Summary Units
Number of sales 72
Average Price $289,417
Median Price $270,000
Median Rental Price $240 p.w.
Change in Rental Rate (5yr) 5 %
Port Lincoln, SA - Median Trend
$330,000