Block of Units for sale
32 Tod Street,
Glenelg North, SA
21 10 12
Expressions of Interest
Attention Builders, Developers and Investors - What An Opportunity!Please be advised this property is being marketed via Expressions of Interest without a price and due to legislation no price guide or range can be given by us as the agents. For further information to assist you in determining a value, a brochure containing all the lease information and property outgoings can be provided.
A myriad of options awaits the astute buyer of 32 Tod Street, Glenelg North but it all starts with the blue chip location!
Situated on a commanding corner allotment of 1143sqm with rear lane-way access and overlooking the Patawilya Reserve with uninterrupted views to the Patawalonga river. Just moments to the beach, Glenelg Marina, Adelaide Sailing Club, Glenelg Golf Course and the vibrant shopping and cafe precinct that is Jetty Road Glenelg.
Built in 1973 and proudly standing 3 storeys high, this solid brick building contains 10 units all on the one title.
3 x 3 bedroom units
5 x 2 bedroom units
2 x 1 bedroom units
With various updates over the years, the units provide a very comfortable and desirable rental option and are currently home to an honest group of tenants who maintain them like their own and who are on secure, fixed term leases. Each unit is carpeted and feature neat, clean wet areas, split system air conditioners, separate gas hot water units and their own off street parking.
This property offers a consistent rental return for those looking for a secure investment, while enjoying the strong capital growth this location has historically provided. For those looking to unlock further income there is the option of achieving a higher return through short term accommodation in the future.
Subject to council consent, the building would respond well to a modern renovation inside and out. Creating separate titles for each unit could further enhance the value, rental returns and sale prices by being able to sell units individually in the future should you desire.
For further information please contact Jarad Henry.
Visit www.glenelg.ljhooker.com.au to view other LJ Hooker Glenelg Listings.
Last updated: 06:47PM on Oct 10th 2019