Unit 7/16 Buller Street, Kingscote SA 5223


Property Details

Sale Price: $105,000
Sale Date: 02/12/2016
Sale Type: Private Treaty

ID: 378645
Zoning: Residential

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Unit 7 - Ready to go investment opportunity!

Central to the main shopping precinct and foreshore, this unit in Kingscote is a ready made investment opportunity.

The configuration of the unit is 2 bedrooms, both with built in robes, and the second bedroom has direct access to the bathroom. Open plan living incorporates the kitchen, dining and lounge.

Offered for sale on a walk in walk out basis, inclusive of all furniture.

This particular unit is one of only 2 that is independent from the total group of 8 units. It is the only unit that directly adjoins the common BBQ area, and for the most, is predominantly for this unit 7.

Each unit has entitlement to 1 under cover car park and the unit owners and tenants have access to a common laundry space.

Currently tenanted at $165 per week, providing a gross return over 7%, somewhat better than bank interest!