1 Knight Street

West Richmond SA 5033

Offers Close Mon, 28th July - 12pm (usp)An exceptional opportunity for savvy investors this Torrens Titled 701sqm (approx.) allotment hosts three solid brick, two-bedroom units, each with its own undercover carport and private outdoor space. All three are currently leased to quality tenants on fixed-term agreements, returning a combined income of $65,520 per annum*.Positioned in the well-connected suburb of West Richmond, only 5km from the Adelaide CBD and moments from the coast. Popular with both homeowners and tenants, it offers easy access to Adelaide Airport, major shopping centres, local schools, and public transport. Each unit features: Spacious open plan living and meals area Updated kitchens with timber joinery with excellent bench space Large master bedrooms Modern, on-trend bathrooms (2 completely renovated in the last 12 months) Separate laundry with rear access Double-glazed windows for comfort and efficiency Ducted reverse cycle air conditioning Window furnishings Use of common front lawn and rear outdoor space Private front courtyard to Unit 1 Four dedicated undercover carportsRental Details: Unit 1: Fixed lease until April 2026 Unit 2: Fixed lease until March 2026 Unit 3: Fixed lease until December 2025A rare, fully-tenanted offering with all the hard work done. Ideal for first-time investors, SMSFs, or those expanding their portfolio.Contact the agents today for full details and inspection times.CT Reference 5407/997Council City of West TorrensZoning GN - General NeighbourhoodCouncil Rates $3,664.05 pa ($1,221.35 each unit)SA Water Rates $186.03 pqEmergency Services Levy - $145.70 paTotal Land area 701 sqm approx.*approximate income amountAll information or material provided has been obtained from third party sources and, as such, we cannot guarantee that the information or material is accurate. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions (including, but not limited to, a property's floor plans and land size, building condition or age). Interested potential purchasers should make their own enquiries and obtain their own professional advice. Ouwens Casserly Real Estate Pty Ltd partners with third party providers including Realestate.com.au (REA) and Before You Buy Australia Pty Ltd (BYB). If you elect to use the BYB website and service, you are dealing directly with BYB. Ouwens Casserly Real Estate Pty Ltd does not receive any financial benefit from BYB in respect of the service provided. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions in respect of the service provided by BYB. Interested potential purchasers should make their own enquiries as they see fit.RLA 275403.