42 Stephen Terrace, St Peters, SA 5069

A wonderful opportunity to enjoy and become a part of one of Adelaide's most picturesque and exclusive suburbs, and where you can take comfort that an investment here is your comfort and security for tomorrow.
On a corner block facing Sixth Lane this property has a solid brick 1973 home that is on a block of 680sqm (approx).
For many years it been an investment for the current owners and divided into three x 2 bedroom units that are all under the one title. The units are basic but can easily be renovated if you wish to retain as an investment. They should achieve around $270/280pw in their current condition. This might be improved to around $310/320pw if some simple improvements were made. This may be of interest for longer term investors or those looking to construct the new family home and looking to benefit from an income stream whilst future plans are considered. All of the units are currently vacant.

For further information on this property please contact Michael Severn on 040 304 9893

Specifications

CT Vol 5455 Fol 545
Council - City of Norwood Payneham & St Peters
Zoning - EN. Established Neighbourhood
Built - 1973
Land - 680sqm approx
Council Rates - tba
Encumbrances - None

Disclaimer for Sale: The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. RLA 281342, 270735 Property ID: #SGN4482