9 Marine Street Somerton Park 5044 SA
Attention investors and developers - 4 unit block only metres to Somerton Beach!
Location! Location! Location! This outstanding investment or development opportunity will not come around too often. Each of the four units has a separate title and will be sold as a group.
This is your chance to own the entire property with four incomes and huge potential for your personal and financial future.
The large 84m2 (approx) apartments are well-built offering comfort and practicality. Just metres to the beach, the Esplanade walk-way and only a few minutes drive to the Glenelg shopping precinct. Close to public transport and local schools, this style of living would suit families, couples, singles, and astute purchasers alike.
Built to stand the test of time and the harsh conditions of the coastal environment. The property itself is evidence of how well it was constructed, more than 50 years ago.
Each property features 2 spacious bedrooms, a living room, separate dining and sunroom, internal laundry, air-conditioning, balcony, and storage unit next to the undercover garaging.
Summary of features:
â¢ Eat in kitchen
â¢ Large bedrooms, some with built-in-wardrobes
â¢ Polished Jarrah floorboards/floating floors
â¢ Bathrooms with shower, some with a large bath
Each of the properties has been achieving the following rent:
â¢ Unit 1 â $350pw
â¢ Unit 2 â $360pw
â¢ Unit 3 â $350pw
â¢ Unit 4 - $300pw
With land holding of over 790m2 and 22.56m frontage you could build your dream home or subdivide and develop! (STCC)
Don't wait decades to buy units individually, buy the whole group today! Opportunities like this don't come along often, be quick and contact agent for more information!
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Real Estate For Sale in Somerton Park, SA 5044 priced between $1,000,000 and $1,800,000