19 Virgo Street

Elizabeth South SA 5112

Mike Lao, Tyson Bennett and Edge Realty RLA256385 are proud to present to the market a rare and rewarding investment opportunity set on approximately 1,058sqm of land. This dual maisonette offers immediate rental income with a long term upside for investors and developers alike creating flexibility to renovate, lease or explore future development potential (Subject to Approval from Council & All Other Relevant Authorities - STCA). Both properties are currently tenanted with a total rental return of $610pw offering immediate income.

Each residence welcomes you into a front lounge that provides a comfortable living space accentuated by natural light. Moving through the home, the kitchen and meals areas are combined and practical in design, featuring U shaped kitchens with single sinks, overhead cupboards and built in storage. These spaces are well suited to everyday living and offer a solid foundation for future upgrades.

Both homes include three bedrooms, with carpet flooring at 17 Virgo and Hardwood flooring at 19 Virgo. The bathrooms are set at the rear of the home and each consist of a single sink and shower bath complemented by a separate toilet for added convenience. Each residence also features its own laundry with a sink and direct external access, enhancing functionality and appeal.

Outdoors, the property continues to impress with flat roof pergolas, providing sheltered areas for outdoor use. The gardens are low maintenance and largely open, allowing buyers with vision to enhance or reconfigure the space. A single garage is positioned at the rear of 19 Virgo Street, with ample room across the allotment to consider future development opportunities.

Key features you'll love about this home:
- Two separate maisonettes on a total of 1,058sqm (approx.)
- Total rental return of $610 per week on fixed and periodic leases
- Renovate, rent or redevelop (STCA)
- Each residence homes 3 bedrooms
- Multiple security doors at each property
- Rear flat roof pergolas, with a single garage at 19 Virgo

The location enhances the overall appeal, with a local bus stop just a short walk away and Elizabeth South Shopping Centre close by for everyday convenience. Elizabeth City Centre is approximately six minutes by car, offering a wide range of retail, dining and essential services. Mofflin Reserve is only moments away and is home to local sporting clubs, while several schools including St Mary Magdalene's School, Elizabeth South Primary School and Elizabeth Grove Junior Primary School are nearby. Playford International College is also within a comfortable five minute drive and Adelaide CBD can be reached in approximately 45 minutes.

Call Mike Lao on 0410 390 250 or Tyson Bennett on 0437 161 997 to inspect!

Year Built / 1962 (approx)
Land Size / 1,058sqm (approx - sourced from Land Services SA)
Frontage / 23.16m (approx)
Zoning / HDN - Housing Diversity Neighbourhood
Local Council / City of Playford
Council Rates / $1,660pa per property (approx)
Water Rates (excluding Usage) / $705.20pa per property (approx)
Es Levy / $91pa per property (approx)
Estimated Rental / $430-$460pw per property
17 Virgo Current Rental / Fixed Lease of $310pw until 26/11/2026
19 Virgo Current Rental / Periodic Lease of $300pw
Title / Torrens Title 5067/296 & 5067/297
Easement(s) / Subject to Party Wall Rights
Encumbrance(s) / Nil
Internal Living / 146.8sqm (approx)
Total Building / 173.4sqm (approx)
Construction / Solid Brick
Gas / Not Connected
Sewerage / Mains
Selling Investment

For additional property information such as the Certificate of Title, please copy and paste this link into your browser: https://vltre.co/L0lDBu

If this property is to be sold via Auction, we recommend you review the Vendors Statement (Form 1) which can be inspected at the Edge Realty Office at 4/25 Wiltshire Street, Salisbury for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts. Please contact us to request a copy of the Contract of Sale prior to the Auction.

Want to find out where your property sits within the market? Receive a free online appraisal of your property delivered to your inbox by entering your details here: https://www.edgerealty.com.au/

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.