1 - 4/30 Lancia Road, Croydon Park SA 5008

Effect a stunning transformation in this tree-lined street just a stone's throw from the vibrant Prospect and take your investment portfolio to the next level with this brilliant real estate venture boasting an enormous scope to renovate or redevelop.

Comprising a 3 bedroom homette, plus 3 semi-detached units and a large storage shed on a Torrens Title allotment of 704m2 (approx.), investors have plenty to be excited about with three of the four units tenanted and offering a very appealing gross return. Why not consider various tempting options, including reaping returns from the rented units while awaiting approval for your next new project?

Rental Breakdown:
Unit 1 - $320 p/w (Leased until 08/02/2022)
Unit 2 - $230 p/w (Leased until 14/02/2022)
Unit 3 - Vacant
Unit 4 - $220 p/w (Leased until 16/02/2022)
Total $770 per week = $40,040 per year approx. (not including rent of Unit 3) Imputed rent $51,480 per year approx.

A lush green common area serves the properties with a safe outdoor space. There is a lot to love about living in Croydon Park. It is a quiet, safe and friendly neighbourhood, surrounded by beautiful and established suburbs like West Croydon, and dynamic up-and-coming areas like Brompton and Bowden.

A hop, skip and jump to the vibrant hubs of Adelaide's most exclusive suburbs; Prospect and North Adelaide for all of your dining and shopping needs, plus so much more.

With Adelaide CBD less than 6kms, your commute to the city can become so much easier. Make your money work for you today!

For more information, please contact Nick Carpinelli on 0403 347 849 or Frank Azzollini on 0419 849 037.

Disclaimer:
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement. All land sizes quoted are an approximation only and at the purchasers discretion to confirm. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries. RLA 175322