31 Myers Street, Port Lincoln, SA 5606 - More Details
$1,500,000
Opportunities of this scale are rarely offered in Port Lincoln, South Australia. Comprising two separate titles totalling more than 1,900 square metres, this unique property offering includes four established dwellings, multiple income streams, generous shedding, dual street access, and future flexibility.
Based on current market conditions, the property has an estimated combined rental potential of approximately $1,610 to $1,710 per week (approximately $84,000–$89,000 per annum), with the vacant three-bedroom home estimated to achieve $570–$590 per week, the cottage $340–$360 per week, and each two-bedroom unit $350–$380 per week.
Located close to the Port Lincoln CBD, schools, shopping and everyday amenities, this is an opportunity suited to investors, developers (STCC), extended families, or buyers seeking both a home and investment in one purchase.
Positioned on approximately 909 square metres, 31 Myers Street offers a solid, well-maintained three-bedroom home presented in original yet exceptionally cared-for condition. Vacant and ready for immediate occupation, the home enjoys elevated views, a generous backyard and its own title, making it equally attractive as a family residence or long-term investment.
Additional improvements include:
- Detached rumpus room, fourth bedroom or storage space
- Undercover single garage
- Large shed complete with service pit
- Valuable rear access via Sinclair Street
- Spacious backyard with room to further enhance (STCC)
Directly behind, on a separate title of approximately 1,000 square metres with frontage from 52 Matilda Street, are three established rental properties, all maintained in excellent original condition and providing immediate holding income.
The second title comprises:
- Two-bedroom cottage with single carport and shed (currently leased at $155 per week)
- Unit 1 – Two bedrooms, one bathroom and single carport (currently leased at $240 per week)
- Unit 2 – Two bedrooms, one bathroom and single carport (currently leased at $190 per week)
Whether you retain the existing rental income, occupy the main residence while benefiting from the investment return, or explore future development opportunities subject to council consent, the flexibility of this offering is difficult to replicate.
Properties offering multiple titles, four dwellings, dual street access and immediate rental income are increasingly difficult to secure in Port Lincoln. Appealing to investors, developers, multi-generational families and buyers seeking landholding with future potential, this is an opportunity worthy of serious consideration. Contact Steve Kemp or Georgie Kemp today to arrange your inspection and discuss the possibilities.
* Photographs provided in this advertisement are of the House, Cottage and Unit 1 only. Unit 1 is representative of the two bedroom units within the complex. Interested parties should make their own enquiries and inspect the property to satisfy themselves as to the individual layout, presentation and condition of each unit. Some images in this advertisement include AI-generated virtual furniture and décor for illustrative purposes only. These images are intended to demonstrate the potential use and presentation of the space and do not represent the current furnishings of the property. Interested parties are advised to inspect the property to satisfy themselves as to its current presentation and condition.
*All information provided has been obtained from sources we believe to be reliable; however, we cannot guarantee its accuracy and accept no liability for any errors or omissions (including, but not limited to, a property's land size, boundary information, floor plans and dimensions, building age and condition). Interested parties should make their own enquiries and obtain independent legal and professional advice.
- Type
- House
- Bedrooms
- 9
- Bathrooms
- 4
- Parkings
- 4
- Area
- 1,910 m²
- House Size
- 505 m²
