Torrensville

1A Stephens Avenue

36

18

14

Prime City Fringe Investment Opportunity in Adelaide

An outstanding opportunity, this three-storey block of 18 units is perfect for investors seeking a solid rental yield and potential for future capital growth. Located minutes from the city centre and short drive to popular beaches.

Investment details:

+ A rare offering in the Adelaide Real Estate market, in a prime location
+ Three story block of 18 units (two bedroom; 1 bath)
+ Fully occupied and currently rented at approx. $188,000 gross/annum
+ Single Torrens title on 1094sqm (approx.) with 46m frontage
+ Passive investment; sit back and collect the rent
+ 5 minute drive to CBD
+ 20m walk to the main transport corridor and local shopping strip on Henley Beach Road that that has become well known for its cafes and restaurants
+ Options galore with future development potential STCC
+ Zoned – Transit Living Policy 36 (multi story mixed commercial and residential; minimum two story, and up to four story)


Need finance?
1st City’s Fund + Protect has the expertise, knowledge and accreditation to help you with sourcing and structuring basic to complex facilities (including trusts).
Contact John Ganderton on john.ganderton@1stcity.com.au or Adam Rakowski on adam.rakowski@1stcity.com.au
(ACL 485034)

Agent Contact Details

  • Brad Caldwell-Eyles

    m0414 246 625 p(02) 9326 1299

For Sale

$3,120,000

Property Type

BlockOfUnits

Size

1144 sqm approx

Resources

Expected Buyer Interest*

$2,978,208
$3,120,000
$3,268,543
Repayment Calculator More
Stamp Duty Calculator More

You Might Also Like

Property Enquiry

* The mean value of this bell graph is equal to the mean value of our estimate of price range provided to the vendor.