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Nestled in a tranquil seaside location, this seldom-found site is surrounded by wonderful lifestyle attractions offering an unmissable opportunity for the astute investor, or inspiration for a developer to consider the potential for a most rewarding project to fit within this brilliant beachfront location.
Positioned for success on a seafront allotment of approx. 777sqm, with valuable rear access, the existing single-level group of three strata titled units is to be sold as a whole and is ready to reap the rewards as is, or to be taken to another level with an inspired renovation; or alternatively, the deep block provides the perfect platform to build contemporary homes/units or sleek apartments (Subject to Council Consents).
The Spanish style units built in 1973 run vertically down the block and are currently configured with lounge/dining room, 2 bedrooms, separate kitchen and bathroom, all with sea views, there are 4 car parks positioned at the rear.
All units are fully tenanted and rental income ranges: unit 1 $325 p/w, unit 2 $310 p/w & unit 3 $325 p/w.
This property benefits from being in one of Adelaide's most liveable seaside locations - just a short stroll to Semaphore Road, it is surrounded by an incredible range of lifestyle activities and venues. Capitalising on the location, this tightly-held, seaside suburb inspires enticing possibilities for a savvy buyer.
An irresistible opportunity offering exceptional scope to grow and prosper in the future.
"A Golden Opportunity to invest in this blue chip seaside location".
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