393 North East Road

Hillcrest SA 5086

Currently set up as Uni Student accommodation this large family home would appeal to a wide variety of purchasers. In its current configuration the property offers seven bedrooms with five rooms under lease terms of between $150 and $170 per week. The currently leased rooms tenancies expire in July 2018. If you are looking to purchase the property and continue the student accommodation it should be noted that the property has been correctly licensed by the Port Adelaide Enfield council as a boarding house which allows multiple tenancies. Upon request we can also supply a copy of the 2017 Profit and Loss Statement as well as an extract of the 2017 Tax Return. Whilst the property shows excellent performance as student accommodation it would equally suit a buyer looking for a large family home with versatile living spaces. The removal of three stud walls would convert the home back to the original floor plan offering 5 bedrooms and two large living spaces. > Depending on the desired configuration the home offers up to 7 bedrooms. > Ensuite bathroom and walk in robe to the master suite. > Spacious centrally located bathroom and large laundry. > Huge open plan living space with a bank of glass windows overlooking the undercover outdoor entertaining area. > Double garage under main roof. > Ducted reverse cycle air conditioning. > Energy efficiency is assured with a 2.04 KW solar system and Magnetite secondary Glazing installed to the large family room windows as well as Ventilator roof tiles. This property represents a wonderful opportunity to secure a large home in a desirable area. For more information contact The Lands Team.