1-6/15 Balmoral Road, Salisbury East, SA 5109 - More Details
AUCTION - Friday 10th July 4:30pm
An exceptional opportunity to secure a complete portfolio of six strata-titled units in the heart of Salisbury East, offering investors a rare combination of strong rental returns of $2590 (see breakdown below), future flexibility, and long-term growth potential.
Comprising six individually titled units, this well-maintained group has a history of strong tenant retention and consistent rental performance. Each unit offers two well-sized bedrooms, an updated kitchen, open-plan living and meals area, split-system air conditioning, linen storage, and a functional bathroom complete with shower, vanity, and toilet. Every residence also includes its own designated car space, ensuring ongoing appeal to tenants.
Whether retained as a high-yielding investment portfolio or leveraged for its future development potential STCC, this is a unique offering that provides multiple avenues for value creation. Positioned close to shopping centres, public transport, healthcare facilities, schools, and everyday amenities, the property is well placed to attract strong tenant demand for years to come.
- Recently renovated Units 5 & 6.
**Rental Income as below;
Unit 1 - $425 Per Week Until Oct 2026
Unit 2 - $450 Per Week Until Nov 2026
Unit 3 - $385 Per Week Until June 2026
Unit 4 - $470 Per Week Until June 2027
Unit 5 - $460 Per Week Until Feb 2027
Unit 6 - $400 Per Week Until Aug 2027
Grand Total of $2,590 per week in rental income.
Approximate Expenses as per below;
- Council Rates $1240 Per Unit Per Year
- Water $240 Per Unit Per Year
- Building/Strata Insurance $3100 Per Year Across Entire Unit Block
Additional Features
• Six individually strata-titled units all leased
• Multiple income streams from one asset
• Strong rental history and tenant retention
• Two-bedroom floorplan throughout
• Updated kitchens across the complex
• Split-system air conditioning to all units
• Designated car space for each unit
• Flexible future sell-down potential (STCC)
• Close to transport, shopping and healthcare
• Ideal addition to any investment portfolio
Disclaimer: Please note that all information provided for this property was obtained from sources we believe to be accurate. However, we cannot guarantee the information's accuracy and accept no liability for any errors or omissions, including (but not limited to) the property's land size, floor plans, dimensions, building size, building age, condition, or any other particulars. Interested parties should always make their own inquiries and obtain their own legal and financial advice. As much as we aim to have all details represented within this advertisement to be true and correct, it is the buyer's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
PLEASE NOTE: This property is being auctioned with no price in line with current real estate legislation. Should you be interested, we can provide you with a list of recent local sales to help you with your market and value research.
Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
- Type
- Block Of Units
- Bedrooms
- 12
- Bathrooms
- 6
- Parkings
- 6
- Area
- 1,114 m²
