1 & 2/44 Golden Grove Road, Modbury North, SA 5092

Ray White and local agent, Craig Stirna are super excited to bring this amazing 2 unit property to market. This investment opportunity is not only perfectly located but also ready for the astute investor to generate immediate income.

The location is unbeatable, just moments from lush parks & Waterworld swimming centre and a range of excellent public and private schools, including The Heights School close by. It's also only a short walk/drive to all the numerous shopping and restaurant options that Tea Tree Plaza has to offer. Easy access to main transport hubs such as TTP bus interchange will have you in the city in no time for work or recreation such as Adelaide Oval footy!

This property has 2 spacious units that are situated on a generous 1287 sqm block with a 42.01m (approx.) frontage with a zoning classification of Housing Diversity.

Unit 1:

- 3 large bedrooms, 2 w/ BIR

- Neat, tidy kitchen

- adjacent meals area

- Huge living area

- Bathroom in good condition

- Separate laundry

- extra storage room

- Currently tenanted till 18/4/25 at $560/wk, tenants would love to stay!

Unit 2:

- 2 large bedrooms

- 2 living areas

- Updated kitchen & bathroom

- extra storage/hobby room

- Huge workshop/garage, perfect for the car enthusiast!!

- Currently owner occupied, with potential rental of $550-580/wk.

Development/ Investment property seekers, brace yourselves for this exceptional opportunity!

Picture owning these two thoughtfully designed units on 1287m2 of land with a zoning of Housing Diversity- it doesn't get much better than this. With an already established source of income, purchasing this complex guarantees immediate returns.

Attention Developers

- Completely knock over complex and potentially build multiple dwellings (STPC)

- Rent out now with us whilst you get all your development applications in order.

- Nil easements

THIS IS A HUGE OPPORTUNITY NOT TO BE MISSED!

Presented by Craig Stirna of Ray White.

Call me today on 0419 037 065.

- Private Inspections only, please call me to arrange a suitable time.

Property Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.

RLA 322799

Property Details:

Council | CITY OF TEA TREE GULLY

Zone | Housing Diversity Neighbourhood

Land | 1287sqm(Approx.)

Built | 1991