2 Barritt Street

Elizabeth Downs SA 5113

Mike Lao, Brendon Ly and Edge Realty RLA256385 are proud to present to the market a unique opportunity for investors and developers seeking to maximize their returns. Situated on a spacious 730sqm approx block, this corner block boasts convenient side access and tremendous subdivision potential (subject to council approval), this property is a lucrative investment with plenty of room for growth. The property is currently tenanted with a fixed lease of $400 pw in place until 25/8/2024.

The house itself features three bedrooms, providing ample space for tenants or future occupants. The separate kitchen, dining, and lounge room areas offer flexibility and a comfortable living environment. The central bathroom comes complete with a step-in shower, bath, vanity and toilet while a second separate toilet adds convenience to busy households.

With stunning pine floorboards throughout, the property exudes a classic charm that can be further enhanced with some minor cosmetic upgrades to attract discerning buyers or renters and add instant value.

Key property features:
- Unlock the property's full potential by exploring the possibility of subdividing the block (subject to council approval)
- Enjoy the added convenience and flexibility of side corner access, allowing for easy entry and exit, as well as potential development opportunities
- Benefit from a steady income stream with the property currently tenanted, providing an immediate return on investment
- The three-bedroom house with two toilets offers a comfortable living space for residents, with separate areas for dining, entertaining, and relaxation
- Timeless appeal of pine floorboards adds character and warmth to the property

Located in Elizabeth Downs, this property enjoys easy access to essential amenities including Argana Park, Elizabeth Football club and Elizabeth Netball Club. Elizabeth City Shopping centre is closeby as are Elizabeth Downs Primary, Elizabeth Park Primary, Playford College and public transportation options providing convenience and ensure a high level of livability for future occupants. With its prime location and potential for development, this property presents an exceptional opportunity for investors and developers alike.

Call Mike Lao on 0410 390 250 or Brendon Ly on 0447 888 444 to inspect!

Year Built / 1962 (approx)
Land Size / 730sqm (approx)
Frontage / 15m (approx)
Zoning / GN - General Neighbourhood
Local Council / City of Playford
Council Rates / $1,493.45 pa (approx)
Water Rates (excluding Usage) / $586.60 pa (approx)
Es Levy / $83.75 pa (approx)
Current Rental / Fixed lease of $400pw until 25/8/2024.
Estimated Rental / $400 - $430 pw
Title / Torrens Title 5280/365
Easement(s) / Subject to service easement for sewerage - See title
Encumbrance(s) / Nil
Internal Living / 117.17sqm (approx)
Total Building / 123.08sqm (approx)
Selling Investment

For additional property information such as the Certificate Title, please copy and paste this link into your browser: https://vltre.co/iDBdW0

Edge Realty RLA256385 are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing is recommended and all attendees will be required to check-in.

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.