1-4/3 Croydon Road, Keswick, SA 5035 - More Details
Auction On-Site Saturday 2nd May 9:30AM (USP)
Offering an unprecedented opportunity, this exceptionally rare block of four individually titled Strata units presents a standout investment proposition that hasn't been offered before in tightly held Keswick. With all four units currently tenanted and delivering immediate income from day one, savvy investors will recognise the long-term value and stability that multi-unit freehold properties command in Adelaide's inner suburbs - where recent unit block sales in neighbouring suburbs have ranged strongly and attracted robust buyer interest due to proximity to the CBD, established rental demand, and limited supply of multi-title offerings. Whether holding for secure income, future value uplift, strategic re-development opportunity (STPC) or long-term portfolio growth, this is a truly unique chance to secure a freehold portfolio on the CBD's doorstep. Location benefits are a plenty, with Keswick being 10 minutes to the heart of the CBD, a short walk to the Parklands Train Station & Wayville Train Station, a short drive to the coastline and being nearby to the burgeoning Forestville re-development; offering amazing cosmopolitan eateries, shopping and fresh produce options.
- Once in a generation opportunity to secure all four units within one group in a city fringe locale
- Ideal for families, SMSF's or those looking to expanding their investment portfolio
- Zoned Urban Corridor (Business); which offers diverse re-development opportunity for the future (STPC)
- Total passing income of $93,340 per annum (gross, approx), encompassing all unit income
- Solid brick unit group with two units downstairs with private yards, two units upstairs with balconies
- Unit layouts are identical; with 2 bedrooms, 1 bathroom, 1 lounge & 1 car space each
- All units have been renovated throughout by the current owner approximately 12 years ago
- Scope to continue to add value to the group with further renovations & improvements (STPC)
- Large parcel of land at the rear of the block; ideal for creating extra car parking or storage (STPC)
- All the hard work is done, and is an ideal investment opportunity to collect immediate income
- Adelaide High School & Botanic High School Zoning; ideal for rental returns & for the future
- Positioned on the inner south-western fringe; only a 10 minute drive into the heart of the CBD
- Located nearby to the Adelaide Showgrounds, Adelaide Parklands, Train, Bus, Cafe's & Eateries
Unit features:
- 2 bedrooms | 1 bathroom | 1 carport space
- Spacious open-plan living, dining and kitchen space with s/s air conditioning
- Kitchen renovated with gas cooktop, dishwasher & IAG appliances & tiled splashbacks
- Floating floors to the open-plan kitchen, dining areas, carpets to the bedrooms
- Each with two good sized bedrooms, master with built-in robe & ceiling fan
- Renovated bathroom with floor-to-ceiling tiles, large shower and vanity
- Combined laundry with bathroom for convenience
- Upgraded Hager electrics, upgraded windows in living space
Lease & Income:
Unit 1 | Tenanted for $460 per week until 28/03/2027
Unit 2 | Tenanted for $450 per week until 15/11/2026
Unit 3 | Tenanted for $445 per week until 04/04/2027
Unit 4 | Tenanted for $440 per week until 06/09/2026
Total passing income of $93,340 per annum (gross, approx)
Other Information:
Title: Strata Title (All individually Strata titled)
Council: City of West Torrens
Zoning: Urban Corridor (Business)
Build: c1965
Total Land Area: 692m2 (approx)
Council Rates: $1,227.75 p/a (per unit)
SA Water: $176.30 p/q (per unit)
Emergency Services Levy: $95.15 p/a (per unit)
Strata Manager: Self-Managed By Current Vendors
Rental Assessment: $480 p/w (per unit)
All information has been obtained from sources deemed to be accurate, however, it cannot be guaranteed and neither the agent, agency or vendor accepts any liability for errors, omissions or oversights. Any reference to rates/outgoings, school zoning, planning consent, land/building sizes, build year, and solar panels are all approximate. It is recommended any interested parties conduct their own due diligence. If this property is being offered via public auction, the Form 1 (vendors statement) will be on display 3 business days prior to the auction, and for 30 minutes preceding the auction at the place of auction. RLA325330.
- Type
- Block Of Units
- Bedrooms
- 8
- Bathrooms
- 4
- Parkings
- 5
- Area
- 692 m²
- House Size
