This 12 room accommodation facility is low-maintenance and features a communal kitchen and dining areas as well as a large back yard and shaded courtyard space. With 15.85 metre frontage, generous allotment size of 821 sqm (approx.), large solar system and several off-street car parks for the tenants, this purpose-built investment is ready to welcome a new owner!

Offered for sale as a tenanted investment, providing a good, secure return. The rooms are nearly always at full occupancy, therefore offering a cashflow opportunity from day one. Currently it requires minimal input from owner/operator and has not historically required professional management.

The building commonly nets $100,000+ per annum in a market where there is an increasing demand for rental accommodation. Affordable accommodation options will continue to become increasingly sought-after, thus there may be scope to increase rental yields.

There has previously been building approval for a further 4 suites, disabled bathroom facilities and second kitchen to be constructed (subject to necessary design consents). These previously approved additions would allow for a total of 16 rooms, 5 toilets and 2 kitchen areas.

Situated in a highly convenient location, just moments from public transport including the train station and buses along Daws or Marion Roads. Close to Westfield Marion Shopping Centre, Flinders University, Flinders Medical Centre and the Tonsley Innovation District. Park Holme Shopping Centre is within walking distance, there is an abundance of local cafes/eateries nearby and plenty of parks/reserves.

A wonderful investment in a brilliant location!

Disclaimer: The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. (RLA 281342, 270735)