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16 Rosemary Terrace, Morphett Vale, SA 5162 Sold
16 Rosemary Terrace, Morphett Vale, SA 5162 16 Rosemary Terrace, Morphett Vale, SA 5162-Floorplan Latest Aerial map Imagery for project 16 Rosemary Terrace, Morphett Vale, SA 5162

16 Rosemary Terrace, Morphett Vale, SA 5162

Bedrooms
4
Bathrooms
2
Parkings
4
Area
711m2
Type
House

Last updated on Thursday, April 25, 2024

$630,000

16 Rosemary Terrace, Morphett Vale, SA 5162 - More Details

$630,000

Zoned Housing Diversity Neighbourhood (HDN), The opportunity is rare to be able to have a secure tenant and 5.2% (based on a $620,000 purchase price) gross rental return whilst lodging development applications. Refer to www.sappa.plan.sa.gov.au for development requirements. Deemed-to-Satisfy (DTS) and Performance Outcomes (PO) opportunities with possible reductions up to 20% on created allotment sizes after concessions under the Affordable Housing Scheme-Performance Outcomes (PO) and Deemed-to-Satisfy (DTS) Criteria / Designated Performance Feature (DPF)

This exceptional opportunity to acquire a corner allotment, with a dwelling in the heart of Morphett Vale is not to be missed. The 4-bedroom, 2-bathroom residence, built circa 1972, is nestled on a generous 711 sqm allotment, offering a perfect blend of comfort and practicality. Featuring a 3-car garage, ample street parking, and a tranquil, private backyard-complete with a shed-that promises serene relaxation and delightful family gatherings.

The property has a long-term tenant with a fixed-term lease in place until March 2026 with a weekly rent of $620/week providing a gross return of 5.2% with the tenant maintaining the property and any *maintenance requirements during the lease. Of note the tenant will, when written into the tenancy agreement with the purchaser, allow subdivision/development if requested. *subject to requirements within the Residential Tenancies Act 1995. *The purchase Contract will meet the requirements of all parties conducive.

Whether you're a developer or investor, this property is designed to meet a variety of needs. Its prime location is especially appealing for families or individuals seeking a lifestyle that balances suburban tranquility with the convenience of having shops, schools, and recreational facilities within close proximity. The sought-after zoning of Housing Diversity Neighbourhood-HDN zone supports a diverse range of development options.

**This property is not suitable for owner-occupiers as there is a lease in place until MARCH 2026**

To view your next investment or development opportunity contact Simon Paterson and Vin Sharma on 0883811111.
Type
House
Bedrooms
4
Bathrooms
2
Parkings
4
Area
711m2

Historical, Aerial view of properties in a suburb: Morphett Vale SA 5162

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16 Rosemary Terrace Morphett Vale SA 5162

Property FAQs

How many bedrooms does the property listed 16 Rosemary Terrace, Morphett Vale, SA 5162 feature?

16 Rosemary Terrace, Morphett Vale, SA 5162 is a 4 bedroom House.

What are the standout features of the 16 Rosemary Terrace, Morphett Vale, SA 5162?

Explore all key property features for 16 Rosemary Terrace, Morphett Vale, SA 5162. Click here to find out more.

What is the total land area and built-up area of the 16 Rosemary Terrace, Morphett Vale, SA 5162?

The total land area and built-up area of the 16 Rosemary Terrace, Morphett Vale, SA 5162 have not been disclosed. To find detailed information on the total land area and built-up area, contact the agent.

How many vehicles can be accommodated in the parking area of the 16 Rosemary Terrace, Morphett Vale, SA 5162?

16 Rosemary Terrace, Morphett Vale, SA 5162 can accommodated 4 vehicles in the parking area.

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    All data and information contained in these FAQs is provided by Real Search as a courtesy only. Real Search does not make any representations or warranties regarding the accuracy and/or completeness of this data and information. Users should check directly with the agent to verify this data and/or information.

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