188-190 Cudmore Terrace & 586 Grange Road HENLEY BEACH SA 5022
AUCTION - CONTACT AGENT

DESCRIPTION

First time ever offered for sale, this unique property offers unlimited opportunity for a variety of buyers.

Presently disposed as 8x2 Bedroom single storey homettes recently Community Titled on a combined land holding of over 2300sqm with corner aspect to Grange Road & Cudmore Terrace in prime Henley Beach.

They are to be offered for sale as a whole with each unit on its own community title with driveway accesses to own carport. Each homette is solid brick in construction, built in 1980 and all offer 2 bedrooms, separate bathroom/WC and laundry facilities, carport, party wall separation in roofline, open plan lounge, dine & kitchen areas and R/C split system air conditioning.

Zoning is currently mid suburban Policy Area 16 - Residential in the City of Charles Sturt.

The current rental returns are approx. $104780 pa (gross) and most tenants have been in the group for many years with rents ranging from $250-$260 per week.

With scope to maintain its existing investment as is, or update each as tenancies fall due, a complete renovation-refurbishment-external makeover for resale or perhaps one day possibly redevelop the large land holding into higher density into the future (STCC) the options are varied and exciting!

Located close to local amenities, some of the finest beaches in Adelaide, the cosmopolitan lifestyle of Henley Square plus public transport, local eateries, cafe's & businesses with local hospital and medical services all in walking distance.

A secure investment and an outstanding Real Estate opportunity awaits its new owners!

AGENT ON SITE WEDNESDAY 10/10 @ 12-12.30PM AND SATURDAY 13/10 @ 11-11.30AM

AUCTION ON SITE WEDNESDAY 31ST OCTOBER 2018 AT 12:00PM NOON

For more information, please contact John Berno on Reveal Phone or Jodie Watson on Reveal Phone.

RLA 115192