CONTRACTED AT AUCTION BY PAN KATRANIS 0422 625 486 AND ANTON WILLIAMS 0425 212 674 - ENCORE RE

ENCORE Real Estate is proud to present to market your chance to own a piece of prime real estate in highly sought-after North Plympton.

Introducing a unique investment opportunity – 6 single-level townhouses, sited on 1,540m2 of land (approximate), and now available as a complete package for the first time since it was constructed in 2016.

Each of the 6 townhouses are currently occupied by long-term tenants, ensuring immediate income streams and boasting an impressive low vacancy rate.

With future potential for both rental income and escalating land value, this investment promises not just stability but exponential growth for the savvy investor.

This group of townhouses has a current return of $169,000 approx. per annum offering potential to increase the yield in the future.

In terms of construction, the townhouses are only 8 years old and have been well maintained, minimising maintenance and maximising income.

Each townhouse comprises two good sized bedrooms, natural light filled open plan living, kitchens are well designed to maximise space with stainless appliances including gas cook top, centrally located main bathrooms, laundry with direct access to rear yard, ducted RC/AC throughout, quality fixtures and fittings, secure and private rear courtyard perfect for entertaining, landscaped grounds & drive through lock up carport with remote access door.

- Townhouse 1 has an additional study or option of a third bedroom (See Townhouse 1 Floor Plan)

All the grounds are fully landscaped and fitted with irrigation to ensure a low-maintenance investment

Centrally positioned with two local shopping centres just minutes away, walking distance to public transport options, proximity to a raft of popular parks, playgrounds and reserves, a few metres to Linear Bikeway, easy reach to the CBD, with excellent public and private schools nearby and convenient access to the beautiful South Australian coastline and Adelaide International Airport.

And so much more...

The Adelaide rental market is showing vigorous growth, with increases of 15 percent to 20 percent year-on-year and vacancy rates at an impressively low 0.3 percent to 0.8 percent.

With an extensive infrastructure pipeline, job creation, competitive entry points and the return of international travellers and migration, Adelaide's high growth potential has it marked as an ideal locale for investors.

Don't let this opportunity slip. Whether you're a seasoned investor seeking a long-term investment or someone looking to make a smart move in the property market, this opportunity is tailor-made for you.

To inquire about current rental income for each townhouse and explore potential future earnings, kindly reach out to the exclusive sales agents for a confidential discussion & further information. (including Townhouse Floor Plans 3-6)

Pan Katranis on 0422 625 486 or Anton Williams on 0425 212 674

Please Note: The property will be auctioned without a listed price, in accordance with current legislation.

Any pre-auction offers will be considered only when unconditional, and it is the responsibility of the purchaser to obtain independent legal advice and complete a Form 3 - Cooling Off Waiver.

Vendors Statement: The vendor's statement may be inspected at our office located at 145 South Terrace, Adelaide for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.

Disclaimer: The information provided in this advertisement is deemed reliable. We cannot guarantee the information is accurate and we accept no liability for any errors. Interested parties should conduct their own due diligence and verify the accuracy of the information provided and obtain their own professional advice.

ENCORE REAL ESTATE
RLA 316 149