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NO BLING BUT ABUNDANT KA-CHING! DEVELOP OR INVEST FOR FABULOUS REWARDS

Description

It may not be pretty as a picture but when you settle on this property the future looks rosy!

Boasting 16.7m street frontage and 46.6m depth, this 778m2 block (approx.) comes with Urban Renewal Zoning which means you can develop it as you please, with no minimum requirements.

Knock it down and redevelop (stcc), renovate, or invest and enjoy two rental incomes – the options are all lucrative! Current rental incomes = $330 + $180PW.

On Prospect's fringe just a ten minute drive from the city, Blair Athol shares the benefits but not the price tag of it's more affluent neighbour. In a rejuvenating suburb 78 Marmion Avenue sits proudly in an area primed for future growth.

This classic 1925 bungalow's footprint comprises two residences, a double-length garage and two sheds. The main home features high ceilings and original features showcased by three large bedrooms, a formal lounge, separate dining, bathroom with separate w/c and an original kitchen.

Alongside is a one bedroom granny flat with a kitchenette, living area and a bathroom. Both homes are air conditioned and currently tenanted.

Located literally a stone's throw from popular Prospect Road this property is perfectly positioned to benefit from neighbourhood shops and bus stops with local sporting facilities and Blair Athol North School just down the street.

Council rates / approx $296.00 p.q
SA water / approx $185.34 p.q
ES levy / approx $126.90 p.a

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RLA 267639