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1-3/81 Albert Street, Prospect, SA 5082-Image

First National Real Estate Salisbury - Salisbury (RLA 247255)

1-3/81 Albert Street, Prospect, SA 5082

$1,500,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

696 m²

Area

Last updated on Friday, July 17, 2026 ( See property details for 1-3/81 Albert Street, Prospect, SA 5082)

$1,500,000

Adam Janda - Real Estate Agent - First National Real Estate Salisbury - Salisbury (RLA 247255)

Adam Janda Sales Associate

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare and versatile investment opportunity in Prospect offering three well-maintained units with strong rental income and excellent location advantages.

🏡 Property Highlights

Rare opportunity to acquire a tightly held block of three units in Prospect with over 50 years of ownership history.
Consistent and practical layout across all three two-bedroom units, ideal for investors seeking reliable income.
Excellent rental income potential with two units currently tenanted at $250 per week each.
Strategic location with easy access to public transport, shopping centres, and major roads to Adelaide CBD.
Generous land size of approximately 696sqm with potential for future development or subdivision (subject to council approval).
Each unit features a designated carport, with additional off-street parking available along Albert Street.

✨ Key Features

Open-Plan Living
Outdoor Area
Built-in Robes
Garage
Secure Parking
Waterfront / Views
Pet-Friendly
Home Office / Study
Balcony
Extra Storage (Shed/Linen)

Suburb and Property Insights of Prospect, SA 5082

Prospect is a highly sought-after suburb renowned for its vibrant community, excellent amenities, and convenient transport links. Key features include proximity to major shopping centres like Churchill Centre and Costco, easy access to public transport including bus stops and train stations, a variety of dining and retail options, and a family-friendly environment. The area offers a balanced lifestyle with parks, schools, and recreational facilities, making it an ideal location for both investors and residents seeking convenience and community spirit.

Frequently Asked Questions

What is the current rental income for the property?

Two of the units are currently tenanted at $250 per week each, providing a steady income stream.

Are there any development or subdivision opportunities?

The property has a land area of approximately 696sqm, which may offer potential for future development or subdivision subject to council approval.

What amenities are nearby?

The property is conveniently located near shopping centres like Churchill Centre and Costco, public transport including bus stops and train stations, and various dining options.

Is the property suitable for investment purposes?

Yes, with multiple income streams, strong rental yields, and a highly desirable location, this property is ideal for investors.

What are the parking arrangements?

Each unit has a designated carport, with additional off-street parking available along Albert Street.

What to ask about this property to agent?

Are there any existing zoning restrictions or easements affecting the property? Have any recent inspections revealed structural or pest issues? Are there any upcoming council developments or planning activities in the area? What are the total ongoing costs, including water rates and council rates? Is there any history of flooding or bushfire risk in this location? Are there any strata or community management fees applicable? Has the property been recently renovated or does it require maintenance? Are there any restrictions on future development or subdivision? What is the history of rent payments and tenant stability? Are there any planned infrastructure upgrades or construction nearby that could impact the property?

1-3/81 Albert Street, Prospect, SA 5082 - More Details

$1,500,000

Welcome to Units 1-3/81 Albert Street, a rare and fantastic opportunity in the highly sought after suburb of Prospect. This unit complex has been tightly held for well over 40 years and is an opportunity you will not want to miss.

Set on a single title with a total allotment size of 696sqm (Approx), the property comprises three two bedroom units, each offering a practical and consistent layout. Every unit features two generous bedrooms, a central bathroom, and a comfortable living space. Unit 1 features a split-system air-conditioner for year round comfort.

At the rear of the property, tenants have access to a shared laundry facility and storage room, while each unit benefits from a designated carport space at the front. Additional off-street parking is available along Albert Street.

UNIT 1 - Vacant
UNIT 2 - Tenanted @ $250 per week - Periodic Lease
UNIT 3 - Tenanted @ $250 per week - Periodic Lease

Ideally positioned in the blue-chip suburb of Prospect, these units enjoy exceptional proximity to a wide range of local amenities and everyday conveniences. Public transport is effortlessly accessible, with multiple bus stops along Churchill Road, as well as nearby train access via the Islington and Dudley Park stations. Commuting to the Adelaide CBD is quick and convenient, with an easy drive of approximately 15-20 minutes. For shopping and lifestyle needs, both Bunnings Prospect and the Churchill Centre are just moments away, featuring major retailers such as Costco, Coles, and a variety of popular dining options. Offering outstanding accessibility and convenience in a highly sought-after location, this is a position that truly delivers on all fronts.

Whether you're expanding your portfolio or entering the investment market, this is a rare chance to secure multiple income streams under one title in a thriving area. These unit complexes are becoming increasingly sought after due to the greater rental yields on offer as well as less risk with the rents being spread across three different units.
Get in quick, this will not last!

Land // 696sqm (Approx)
Frontage // 15.24m (Approx)
Council // City of Prospect
Council Rates // $1556.00 per unit per annum
Water Rates // TBA
Year Built // TBA

As the property is being sold via the way of Auction, we highly recommend all prospective purchasers review the Vendors Statement (Form 1) and Contract of Sale which can be inspected at the First National Salisbury Office (2/10 Commercial Road, Salisbury SA 5108) for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts.

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.

Type: Block Of Units
Bedrooms: 6
Bathrooms: 3
Parkings: 3
Area: 696 m²

Email Enquiry To First National Real Estate Salisbury - Salisbury (RLA 247255)

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1-3/81 Albert Street, Prospect, SA 5082

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