Apartment for sale

13/29-31 Compton Street,

Adelaide, SA

9 5 0
$1,000,000

Excellent Investment Opportunity on Ground Level!

This is a fantastic opportunity for an investor looking to earn a great return. This property is currently set up as shared accommodation with the potential for 9 separate tenancies.

Tenanted as below:

Room M1 = $180 per week
Room M2 = $180 per week
Room M3 = $200 per week
Room F1 = Vacant (Estimated income of $180 per week)
Room F2 = $180 per week
Room F3 = $180 per week
Room F4 = Vacant (Estimated income of $180 per week)
Room F5 = $180 per week
Room F6 = Vacant (Estimated income of $200 per week)

Equaling a current return of $57,200 per annum (5.7% return) with the potential to earn a 8.5% return with all rooms tenanted.

Situated in a very desirable location, just off of Gouger Street, so close to Adelaide Central Markets, public transport and everything Gouger Street has to offer.

This property comprises the following:

- 9 Large separate bedrooms
- Shared living, dining and kitchen areas
- Shared outdoor BBQ area
- Shared laundry area
- 5 Separate bathrooms

Be quick to secure this wonderful opportunity!

Contact Hannah Werner - 0488 222 392 or Jim Phillis - 0418 828 638 for more information.

Property Code: 2442
Last updated: 02:01PM on Aug 16th 2017
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