Properties for Sale

1-6/17 Phillipps Street, Somerton Park, SA, 5044

SEASIDE UNIT GROUP

A rare and very unique offering in such a prized beachside location.

An ideal longer term investment.

There are 6, 2 bedroom home units in this Strata group.

Two of the units, being no. 3 downstairs and no. 6 upstairs have been extended to pride two additional, adjoining each with their own separate entrance 1 bedroom flats.

Overall this provides an income from eight separate properties.

Gross income has been approximately $116,000 per annum with outgoings amounting to approximately $25,000 per annum.

These improvements add amazing flexibility.

Example:

Units 3 and 6 can be rented out separately as 3 and 3a and 6 and 6a
or
Live in one and rent the other
or
Open up the existing interconnecting doorway to provide 3 bedrooms, 2 bathrooms, 2 kitchens and 2 living areas – plus 2 carparks
or
A holiday pad when you come to the beach.

This location is right in the heart of it all – stroll to the beach, cafes and restaurants.
Enjoy the Broadway and Jetty Road lifestyle!

Close to great schools, bus and tram transport.

To arrange an inspection, contact Greg Walkington or Nick Tuck at Lakes and Portside Real Estate on 8235 2333.

RLA49518

 

Property Status: Sold

Property ID: 1.6.17phi
Property Type: Unit

Bedrooms: 14
Toilets: 8
Bathrooms: 8
Parking: 8
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