1-9/28a Trenton Terrace, Pooraka, SA 5095

1-9/28a Trenton Terrace, Pooraka, SA 5095 A FANTASTIC INVESTMENT WITH PLENTY OF UPSIDE

Introducing to the market for the very first time, this large group of nine units has been held by the same family since they were built in the 80's.

All units are currently tenanted, mostly to long term tenants and the majority on periodic leases. The nine units all have the same floorplan and offer two good size bedrooms, a large front living room, separate dining/meals area, small walk in pantry, kitchen, laundry and single car garage with internal access. All units have their own private, fully fenced courtyard, split system air conditioning and most have a rear pergola.

The group has been well looked after with concrete driveways, mature landscaping, road front letter box's, dedicated bin storage area and visitor parking for up to four cars.

All nine units share one title so there is plenty of upside for the savvy investor to look at individually titling the units, completing internal cosmetic upgrades or selling them individually.

The whole site sits on approximately 3,832sqm with no easements and one water metre.

Located within 250m to Lindblom Park, 220m to the nearest bus stop, 220m to the local shopping village which offers a Medical Centre, BWS, Pharmacy, Bakery, Hairdresser, Pizza Takeaway, Fruit & Veg and all this within a 30 minute drive to the City.

Unit 1 - Currently leased at $300 per week on a Periodic Lease

Unit 2 - Currently leased at $355 per week until June 2025

Unit 3 - Currently leased at $245 per week on a Periodic Lease

Unit 4 - Currently leased at $350 per week until January 2025

Unit 5 - Currently leased at $400 per week until November 2024

Unit 6 - Currently leased at $325 per week on a Periodic Lease

Unit 7 - Currently leased at $240 per week on a Periodic Lease

Unit 8 - Currently leased at $270 per week on a Periodic Lease

Unit 9 - Currently leased at $320 per week on a Periodic Lease

Current market rental appraisal for the units is $430 - $450 per week.

Contact Nathan Gherghetta on 0498 881 119 for further information and financials or to arrange your inspection.

Please Note:

- All inspections will be conducted by appointment only.

- Units 3 & 6 have not been photographed.

The group of units, 1-9/28a Trenton Terrace, Pooraka is one of two properties being offered for genuine sale. Offers may be submitted separately for the respective properties or for both properties in one line. The adjoining property located at 51-53 Montague Road, Pooraka features a large single two story home with shedding and is situated on approximately 2,546sqm of land on one title.

Year Built / 1987

Council / City of Salisbury

Title / 5813/903

Easements / Nil

Zone / GN - General Neighbourhood

Rental Appraisal / $430 - $450 per week

Council Rates / TBA

ESL / $404.75 p.a.

Water / $459.58 + usage p.q. - Shared Meter

Land Size / 3,832sqm approx.

Disclaimer: All information provided has been obtained from sources we believe to be accurate. However, neither the agent nor vendor guarantee this information. We accept no liability for any errors or omissions. All interested parties should conduct their own due diligence and seek independent advice.