$ 450,000.00
1 Macquarie Street Moana SA 5169
$450,000
A unique investment opportunity to purchase this dual living property on corner allotment providing a solid rental return with tenants already in place & keen to stay.
This property offers many exciting options for the astute buyer/investor or first home buyer:
- Rent both residences out generating a remarkable rental yield
- Live in one & rent out the other
- Subdivision Potential (STCC) with a total land size of approx. 746sqm
If & When the time is right to develop the site you can save money on demolition costs and sell the two transportable homes for relocation .
Residence One:
Currently tenanted at $260 per week under a periodic agreement with 2 good size bedrooms, featuring an open plan kitchen/dine with walk in pantry and dishwasher. Adjacent the kitchen is the living room that overlooks and enjoys direct access to the front fenced off yard area.
The bathroom has been beautifully renovated with white wall tiles, neutral floor tiles and an updated vanity. Bedroom 2 is fitted with built in robe whilst both bedrooms and the living areas are vented for evaporative air conditioning.
Outside is parking for two vehicles, large under cover outdoor entertaining area with café blinds plus a garden shed.
Residence Two:
Currently tenanted at $200 per week on fixed term until July 2022. Fenced for separate access with it's own private driveway, this unit offers an open living space with kitchenette, split system air conditioner and glass sliding door out to the private courtyard area. Sliding doors separate the Master Bedroom with built in robes and the ensuite.
1 Macquarie Street is situated in the highly sought after suburb of Moana that is best known for its pristine sandy coastline, backs onto the native Pedler Creek Walking Trail & the Moana Conservation Park. Just a few minutes walking distance is the beautiful swimming beach or the Moana Heights Shopping Centre with specialty shops & very popular Foodland supermarket. Added convenience is Bus Stop 90 virtually on your doorstep.
A short drive will see you arrive at so many everyday conveniences of large shopping centres, public transport, medical services, schooling and local tourist destinations including the world renowned wine region of McLaren Vale & The Flourishing Fleurieu Peninsula.
To find out more about this great property & inspection times, call Deb Sorensen from Ray White Morphett Vale | Christies Beach on 0408 316 011 or take the time to pop into the newly opened Christies Beach Office at 1/49 Beach Road, Christies Beach.
