17/132 Conyngham Street, Glenunga SA 5064
Attention Investors - Sensational 8%* Return in Blue Chip Area! Unit - Property ID: 902514
Grab 8 of these studio style units (17A-17H) on one title to secure yourself an amazing 8%* return in a fabulous blue chip area. Where else can you earn cash flow like this in a beautiful location with growth potential, so close to Glenunga International High School? The location ensures you are never short of tenants.
Do the numbers and you'll agree this is a fantastic investment where you can sit back and watch your nest egg grow. Tenants are paying between $185-$200 per week with fixed leases PLUS a fixed utility cost per month.
These fab pads appeal to students, as well as singles looking for somewhere affordable to live. They are self-contained and have large electric gates for added security for your tenants. Each studio style unit has 1 allocated car park. The location is sensational and all necessary amenities are close by for tenant convenience.
With interest rates at an all time low, now is the time to get in and grab a magnificent investment that doesn't come up every day. There is also possibility to add further value by separating each unit with its own title (subject to all consents).
Call Pete Steer now on 0400 617 773 before another discerning buyer snaps up this awesome opportunity.
*Approximate Gross Rental Yield based on price guide: $930,000.
Please note: the parcel on offer is No 17 comprising 8 units.
C/T Reference: Volume 6149 Folio 905
Built: 1960 - (all with upgraded kitchens).
Zoning: R - ResidentialR24 - Residential Area 24 Glenunga (North)
Strata: Approx $1732.20 per quarter (for total 8 units)
Council: Approx $1634.40 per quarter
Water & Sewer: Approx $458 per quarter (approx)
- Building Size Approx. - 180 m2
- Electric Gates
- Kitchenette style