14A Crase Street

Kapunda SA 5373

Two cottages, with sub dividable (645 sqm approx) rear yard suitable for new home. Realistic price guide on new block $79k. Currently tenanted for $190 and $230 per week($410k), secure leases. 14a has two bedrooms, 14b has one. Both have lounge, kitchen and bathroom and tenants with leases in place. Character features include Baltic pine flooring, stone internal walls, original fire places, previous application to create new tile in vacant back yard had approval, since lapsed. 945 sqm of land in total. Cottages are local heritage listed. This is an opportunity to get into the property market in a positive way, sub divide and see excellent rental returns. Ideally located 100 metres to the main Street, close to bowls cub and 800 metres to school. For sale due to change in circumstances, looking for your thoughts. Local heritage - basically this means the frontage need to be replaced with similar in the future and the colours of the home need to be sympathetic - more details available. Positively geared investment opportunity that stands out.