4 And 6 Chapman Street Smithfield Plains, 5114 SA
Must Be Sold! Attention Developers and Investors.
Large 900sqm (approx) land holding, with a current $18,200 p/a return. Secure a dual income property with the scope to redevelop at a later date (STCC).
Located on one single title with a 25.2 metre frontage, totalling 900sqm (approx.), these attached maisonettes are surrounded with quality newer buildings with development still occurring.
The homes are currently rented to stable tenants and offer the buyer a generous rate of return with a combined income of $350 p/w or $18,200 p/a. Both homes offer 3 bedrooms, one bathroom, living area, kitchen/meals area, carport and are worthy of your consideration. But of course the temptation is the land. Most of the neighbouring properties are well under development leaving the purchaser in the enviable position of finalising the footprint of the street.
Located close to schools shops and transport this property ticks all the boxes for further development (STCC) or simply enjoy the return while you plan your future.
Sold $230,000
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Bill Johnson