Fantastic Investment Opportunity with Subdivision Potential!

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Mike Lao and Edge Realty are proud to present to the market this amazing opportunity to purchase two dwellings on a single title with approximately 1,028sqm of prime land. Whether you're looking to live in one property and rent out the other or rent out both residences and reap the rewards on your investment, this is one exciting opportunity you won't want to miss.

Please note photography of property was taken 2014 and are being reused as properties are currently tenanted.

Both are currently tenanted with fixed leases in place making this the perfect addition to your investment portfolio. 48 Mainwaring current fixed lease of $225 per week until 28.06.2021 & 50 Mainwaring current fixed lease of $225 per week until 14.03.2022. There is opportunity here for the astute investors to increase the rent and enjoy evener greater returns.

Both properties are mirrored and identically feature three bedrooms, a separate front lounge, combined kitchen and meals area, toilet and laundry with rear access to private grass garden.

Land bank for the future and watch land values rise or subdivide and redevelop the huge flat square land utilizing the wide 26.8m frontage and 38m depth (approx) and council zoning (STCC). This investment offers unbeatable Price, Position and Potential!

Call Mike Lao to inspect!

Year Built / 1960 (approx)
Land Size / 1,028 sqm (approx)
Frontage / 26.8 m (approx)
Zoning / R-Residential
Local Council / City of Playford
Council Rates /
48 Mainwaring $1,290.80 pa (approx)
50 Mainwaring $1,298.25 pa (approx)
Es Levy /
48 Mainwaring $69.70 pa
50 Mainwaring $70.20 pa (approx)
Water Rates (excluding Usage) / $562.20 pa per property (approx)
Rental /
48 Mainwaring current fixed lease of $225 per week until 28.06.2021
50 Mainwaring current fixed lease of $225 per week until 14.03.2022
Title / Torrens Title
Easements / NIL
Internal Living / 164 sqm (approx)

Edge Realty are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing is recommended and all attendees will be required to check-in.

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.