Glenelg North
29/3 Ferguson Street
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Glenelg North
29/3 Ferguson Street
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Great investment opportunity

This convenient ground floor unit is well positioned directly across from a beautiful reserve that includes both tennis courts and bowling clubs, perfect for either downsizers, first home buyer’s or investors looking for a great rental return.

Currently with a high quality long-term tenant in place (periodic lease, with a current formal rental assessment of $240-$260 per week) which offers an extremely high rental yield in the vicinity of 7.5%-9%, this unit is a great opportunity to either continue with a reliable tenant who loves the location or of course move in yourself and enjoy everything this well-maintained group has to offer.

Within walking distance to public transport including tram’s and bus’s, you could be down at cosmopolitan Jetty Road Glenelg in 5 minutes or be in the city in under 15 minutes. The unit also offers an allocated carpark being right next to the entry of the home and very close to the street, minimising the distance needing to walk outdoors and enabling very easy access to the street.

With a functional floorplan that has allowed for further capital value to be added through future upgrades, while still being very well maintained throughout, including a recently added split system reverse cycle air conditioner, keeping the temperate even throughout the year.

The opportunity to purchase this highly affordable well-maintained ground floor unit in such a great location will not last long.

CT / 5051/31
Council / City of Holdfast Bay
Zoning / R
Built / 1970
Council Rates / $1021.15pa
Strata / $556.70pq
Strata Manager / Strata Data
SA Water / $156.20pq
ES Levy / $82.15pa

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property’s land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor’s Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

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