29-31 Spencer Street, Port Augusta, 5700, South Australia

$949,000

Property Id - HS335445

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Ray White Northgate

Shop 10 Northgate Village Shopping Centre Northgate SA 5085

View Contact Details

Paul Bateman (Rla 199467)
0422 936 645
08 8266 3100

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Address	29-31 Spencer Street, Port Augusta, 5700, South Australia
Price	$949,000
Bedrooms	17	Property Type	Apartment / Warehouse
Bathrooms	12	Dwelling Size	-
Car Spaces	12	Land Size	1450 m²
Car Space Type	-	Listing Age	120+ days
Shire/Council	Port Augusta City Council

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12 Units With Huge Rental Returns & Excellent Vacancy Rates

Offering a massive potential rent return of over $90,000 gross approx. This prominently located business enterprise will surely satisfy those who wish to truly feel what investing in property is all about.

Comprising of twelve units all complete with their own bathroom, living area, air-conditioner and bedroom/s.
Set on a large block of 1,450m2 approx split over two titles making it a very large land holding.

With the current BHP Expansion that has been recently approved for 2012 the jobs available will continue to rise and accommodation is expected to be sought after within the local area.

Features:
- 4 of the 12 units have been recently renovated
- Block size 1,450m2 Approx
- 12 Units for sale / 4 x 2 Bedrooms & 8 x 1 Bedrooms
- On 2 titles
- Each unit is sold completely furnished
- Air-conditioners in each room
- Passive income stream of approximately $90,000 per year

Please call me to arrange an

For Investment Information on this property please copy and paste this link into your browser
http://www.propertymanagersadelaide.com.au/

Indoor Features

Air Conditioning	Yes	Dishwasher	-
Alarm System	-	Intercom	-
Inside Spa	-	Ensuite	-

Outdoor Features

Carports	12	Remote Garage	-
Outdoor Entertaining Area	-	Shed	-
Balcony	-	Secure Parking	-

Other Features

Built-In Wardrobes,Close To Schools,Close To Shops,Close To Transport,Fireplace(S)

Recent applications within 2km of 29-31 Spencer Street, Port Augusta, 5700, South Australia
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Inspection Times

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Vacancy Rate and Number of Vacant Properties for Postcode 5700

Vacancy Rate

Vacant Properties

Data Provided by SQM Research Pty Ltd

Street Statistics

Street statistics for Spencer Street, Port Augusta

Dwelling Type	Lowest	Median	Highest	Growth
Houses	$100,000	$181,000	$286,000	0.09 %
Units	$124,000	$208,000	$630,000	-17.68 %

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Suburb Statistics

Median House Value: $184,000

Median Unit Value: $223,500

Measurement	Houses	Units
Median Value	$184,000	$223,500
Median Weekly Rent (Gross)	$220	$150
Suburb Rental Yields	6.26 %	3.50 %
Annual Number Of Sales	85	2
Average Vendor Discounting	N/A	N/A
Average Listing Duration	N/A	N/A

Unemployment Rates

Data Provided by Australian Bureau of Statistics (ABS)

Ray White Northgate

Shop 10 Northgate Village Shopping Centre Northgate SA 5085

View Contact Details

Paul Bateman (Rla 199467)
0422 936 645
08 8266 3100

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Cash Flow Strategy

The Positive or Negative Cash Flow results are calculated using the selected loan percentage against the advertised selling price, using the selected interest rate and loan type, and the gross suburb rental yield percentage (Rental yield provided by Residex).
When the projected weekly or monthly rental income is provided by the advertiser, the search engine will use this rental amount instead of the gross suburb rental yield percentage within the calculation formula.

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Calculations do not include rental vacancies, management fees, council rates or other expenses within a 12 month leasing period.
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While every care is taken for the preparation of the investment Content, the outcome of the Investment Property Search is to be only used as an indication. You should obtain your own financial and legal advice before making any investment decisions based on any Content obtained from the Web Site.
Property Rental Yield

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If the advertiser uses a price range within the selling price, the search engine will use the higher price range within the calculation formula.
Calculations do not include rental vacancies, management fees, council rates or other expenses within a 12 month leasing period.
All figures are approximates only and do not include tax implications.

While every care is taken for the preparation of the investment Content, the outcome of the Investment Property Search is to be only used as an indication. You should obtain your own financial and legal advice before making any investment decisions based on any Content obtained from the Web Site.
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BMT Tax Depreciation Estimate (Year 1)

Property depreciation is a tax deduction which can be claimed on an income producing building. If you intend to use this property as an investment click the Increase Accuracy link to estimate how much BMT Tax Depreciation can save you annually with a tax depreciation schedule.
BMT Tax Depreciation Estimate

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29-31 Spencer Street, Port Augusta, 5700, South Australia

Ray White Northgate

12 Units With Huge Rental Returns & Excellent Vacancy Rates

Indoor Features

Outdoor Features

Other Features

Recent applications within 2km of 29-31 Spencer Street, Port Augusta, 5700, South Australia

Inspection Times

Vacancy Rate and Number of Vacant Properties for Postcode 5700

Street Statistics

Suburb Statistics

Median House Value: $184,000

Median Unit Value: $223,500

Unemployment Rates

Ray White Northgate

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