58-60 Elizabeth Terrace, Port Augusta, SA 5700

This is a promising investment opportunity in Port Augusta, with this maisonette property with a strong rental return and reliable dual income stream. Each property features three bedrooms, one bathroom, and one toilet, making them ideal for tenants looking for functional and comfortable living spaces. Both properties are currently tenanted, providing immediate cash flow for any investor looking to secure a steady income from day one.

Port Augusta is a key regional hub with ongoing demand for rental properties. This ensures that the properties will continue to attract tenants, reducing the risk of vacancies. With both properties already occupied, you can benefit from a reliable income while also taking advantage of the potential for long-term capital growth in this affordable regional market.

FOR THE INVESTOR

58 Elizabeth Terrace

Current lease: Periodic lease

Rent per week: $260

60 Elizabeth Terrace

Current lease: 03/03/24 - 02/03/25

Rent per week: $235

Land: 1180m2

Year Built: 1954

Equivalent main area: 91m2 (per dwelling)

Council rates: 58 Elizabeth Terrace: $2,201.74 p.a.(2023/24) - 60 Elizabeth Terrace: $2,201.74 p.a.(2022/23)

Zoning: Suburban Neighbourhood

Easements: Yes

Water available: Yes

Sewer available: No

Do not miss out on this great dual income investment opportunity. Contact Charmaine on 0428 656 181 for more information or inspection.

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Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions. Prospective purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.

If a land size is quoted it is an approximation only. You must make your own enquiries as to this figure's accuracy. We do not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority.