Prime Investment Opportunity with Development Potential
13 KATHLEEN STREET, DOVER GARDENS
Welcome to a property that not only promises immediate returns but also presents a compelling opportunity for future growth. Situated on a generous 835 sqm land parcel with an impressive 24.5 meters frontage, this property is a canvas for your investment aspirations.
Land Potential: Boasting 835 sqm of prime land, the property offers a substantial 24.5 meters frontage, providing an ideal canvas for the construction of 2 or 3 new houses (STCA). This is a rare opportunity for developers or those looking to expand their property portfolio.
Currently, the property enjoys a robust rental income of $940 per fortnight, with a secure tenancy in place until October 2024. This makes it an attractive proposition for investors seeking immediate returns while having the foresight to capitalize on future development potential.
Condition and Comfort:
The existing dwelling is well-maintained and in good condition, featuring 3 bedrooms, 1 bathroom, and two spacious living areas. The expansive kitchen adds to the charm, making this property suitable for various lifestyle preferences. The living area is equipped with a split air-conditioning system, ensuring comfort year-round.
This property is within walking distance to Marion Shopping Centre. The renowned Brighton Beach is a mere 3-minute drive away, providing a perfect escape to sandy shores. Additionally, it is located with a 10-minute drive to Flinders University and Hospital, making it an excellent choice for potential tenants or future homeowners.
In summary, this property is a dual delight – an immediate income generator and a canvas for future development. Whether you’re an astute investor or someone with a vision for creating multiple residences on a prime piece of land, this property ticks all the boxes. Don’t miss the chance to secure your slice of potential in this sought-after location.
On behalf of Auta Real Estate, all information provided in this advertisement has been obtained from sources we believe to be accurate. However, we cannot guarantee the information is accurate, and we accept no liability for any errors or omissions (including but not limited to a property’s land size, floor plans and size, building age and condition). Interested parties should view the property and seek independent advice to proceed.
Price:Sold on 06 Feb 2024