Land for sale

4 & 7 Olive Court,

Magill, SA

0 0 0
$1,250,000

Significant land holding of 1603m2.

(INSTANT RENTAL RETURN)
Excellent investment opportunity with 6 home units currently with a gross rental income of $58,760 per year (approx.). Perfect for a superannuation investment with the added benefit of future capital growth potential over the land holding.

(DEVELOPMENT OPPORTUNITY)
1603m2 (approx.) at the end of a quiet no through cul de sac location in the prime part of popular Magill. The property is set on two titles. Speak to Campbelltown Council and your architect regarding the possibility of a multi home development (STCC).

This property is packed with positive possibilities.
A superb investment for your future.

Currently the 6 single bedroom home units are all leased with quality tenants.

School zones within a short walk - Magill Primary School & Norwood Morialta High School.

Close to public transport.
Close to Uni SA Magill Campus.
Close to Parks and open green spaces.

Set on the high side of Magill on a quiet no through road. This is truly a fabulous location!

Instant Rental Return with serious potential growth due to the location and land value.

Unit 1 - Periodic lease - $180 per week
Unit 2 - 17/11/2019 - $185 per week
Unit 3 - 15/02/2019 - $185 per week
Unit 4 - 3/09/2019 - $195 per week
Unit 5 - 7/05/2019 - $195 per week
Unit 6 - 24/07/2019 - $190 per week

THEON BRUSE 0419 816 470

The Vendor's Statement (Form 1), the Auction Contract and the Conditions of Sale will be available for perusal by members of the public at 357 Greenhill Road, Toorak Gardens 3 business days prior to the auction and on-site 30 minutes before the auction.

All information provided 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 make their own enquiries and obtain their own legal advice.
Last updated: 04:26PM on Dec 13th 2018
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Bruse Real Estate

357 Greenhill Road
Toorak Gardens SA, 5065
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