1-8/38 Fashoda Street, HYDE PARK
overview
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L42986970
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Auction Wed 2/12 onsite at 6:30pm (USP)
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Block of Units
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Auction
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1-8/38 Fashoda Street HYDE PARK SA
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8
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8
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Wed 02nd of Dec
6:30 PM -
Onsite
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751 sqm
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18.29 meter
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$902 Per Year
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$8,656 Per Year
A $180K PA Income Investment in the Heart of Hyde Park!
*For an in-depth look at this home, please click on the 3D tour for a virtual walk-through or copy and paste this link into your browser*
Virtual Tour Link: https://shorturl.at/fsMBl
Auction Wednesday the 2nd of December, onsite at 6:30pm (Unless Sold Prior)
Property must be Sold, Under Vendor instructions the property is being offered with no Price Guide. A list of relevant Sales and a copy of the Certificate of Title is accessible in the following link: https://vltre.co/RiwNy3
To submit an offer, please copy and paste this link into your browser: https://www.edgerealty.com.au/buying/make-an-offer/
Attention all investors! Mike Lao, Tyson Bennett and Edge Realty RLA256385 are proud to present to the market an exceptional blue chip high yield investment opportunity comprising eight one-bedroom units on a substantial 751sqm (approx) single Torrens Titled allotment, positioned along a picturesque tree-lined street in the prestigious city fringe suburb of Hyde Park.
Rarely, will you find an investment opportunity with such a sizeable secure, multiple income stream of approximately $182,260 per annum netting approximately 6% gross yields. Why buy a risky commercial property with an uncertain economic outlook, when you can secure this recession proof, risk free investment with rising rents and record low vacancy rates.
Offering investors the security of diversified rental income across eight individual residences, the current rental schedule is as follows:
Unit 1: Vacant for marketing purposes - Estimated rental income $440 per week
Unit 2: Weekly rental income $440pw until 26/6/27
Unit 3: Weekly rental income $425pw until 12/5/27
Unit 4: Weekly rental income $400pw until 18/2/27 - Lease renewal offered at $440 pw
Unit 5: Weekly rental income $400pw until 18/2/27 - Lease renewal offered at $440 pw
Unit 6: Weekly rental income $440pw until 30/10/27
Unit 7: Weekly rental income $400pw until 18/2/27, increasing to $440 pw til 18/2/28
Unit 8: Weekly rental income $440pw until 19/6/27
Current Rental Income (if fully leased) - $176,020 pa
Annual Rental Income after February 2027 - $182,260 once leases are renewed
At full occupancy, the property has the potential to generate an impressive $176,020 (approx) in gross annual rental income, equivalent to $3,385 per week or $14,668 per month (approx), rising to $182,260pa gross income after February 2027.
Furthermore, there is an outstanding opportunity to optimise the existing rental returns through further renovation and rejuvenation to realise the investment's fullest income earning potential - the option is yours!
Sitting on an impressive 751sqm easement free allotment with 18.29m frontage and 41.1m depth, this substantial landholding offers investors the perfect combination of multiple income streams, strong rental demand and long-term capital growth potential, all within minutes of the Adelaide CBD.
The location is undoubtedly one of the property's greatest assets. Nestled in the heart of Hyde Park, residents can stroll to the vibrant shopping, dining and cafe precincts along Unley Road and King William Road, where boutique retailers, acclaimed restaurants and charming local cafes create an enviable cosmopolitan lifestyle. The leafy surrounds of Heywood Park offer a peaceful escape, while Unley Shopping Centre and Mitcham Square Shopping Centre provide excellent everyday convenience. Families will appreciate proximity to prestigious schools including Walford Anglican School for Girls and Scotch College, with the property also zoned for Unley Primary School and Unley High School. Local bus services are within walking distance, while the Adelaide CBD is less than 10 minutes away by car, placing Adelaide Central Market, Chinatown, the University of Adelaide and the beautiful Adelaide Park Lands within easy reach.
Opportunities like this to acquire an entire block of 8 units in one of Adelaide's most desirable inner southern suburbs are exceptionally rare. Combining substantial rental income, multiple tenancies and a prized Hyde Park address, you can secure your financial future today with a high yielding growth asset providing reliable retirement income for the rest of your life! This is an opportunity not to be missed!
Call Mike Lao on 0410 390 250 or Tyson Bennett on 0437 161 997 to inspect!
Year Built / 1964 (approx)
Land Size / 751sqm (approx - sourced from Land Services SA)
Frontage / 18.29m (approx)
Zoning / EN - Established Neighbourhood
Local Council / City of Unley
Council Rates / $1,082pa per unit (approx)
Water Rates (excluding Usage) / $902.42pa (approx)
Es Levy / $367.50pa (approx)
Title / Torrens Title 5666/498
Easement(s) / Nil
Encumbrance(s) / Nil
Internal Living / 276sqm (approx)
Total Building / 304sqm (approx)
Construction / Solid Brick
Gas / Not Connected
Sewerage / Mains
If this property is to be sold via Auction, we recommend you review the Vendors Statement (Form 1) which can be inspected at the Edge Realty Office at 4/25 Wiltshire Street, Salisbury for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts. Please contact us to request a copy of the Contract of Sale prior to the Auction.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
Virtual Tour Link: https://shorturl.at/fsMBl
Auction Wednesday the 2nd of December, onsite at 6:30pm (Unless Sold Prior)
Property must be Sold, Under Vendor instructions the property is being offered with no Price Guide. A list of relevant Sales and a copy of the Certificate of Title is accessible in the following link: https://vltre.co/RiwNy3
To submit an offer, please copy and paste this link into your browser: https://www.edgerealty.com.au/buying/make-an-offer/
Attention all investors! Mike Lao, Tyson Bennett and Edge Realty RLA256385 are proud to present to the market an exceptional blue chip high yield investment opportunity comprising eight one-bedroom units on a substantial 751sqm (approx) single Torrens Titled allotment, positioned along a picturesque tree-lined street in the prestigious city fringe suburb of Hyde Park.
Rarely, will you find an investment opportunity with such a sizeable secure, multiple income stream of approximately $182,260 per annum netting approximately 6% gross yields. Why buy a risky commercial property with an uncertain economic outlook, when you can secure this recession proof, risk free investment with rising rents and record low vacancy rates.
Offering investors the security of diversified rental income across eight individual residences, the current rental schedule is as follows:
Unit 1: Vacant for marketing purposes - Estimated rental income $440 per week
Unit 2: Weekly rental income $440pw until 26/6/27
Unit 3: Weekly rental income $425pw until 12/5/27
Unit 4: Weekly rental income $400pw until 18/2/27 - Lease renewal offered at $440 pw
Unit 5: Weekly rental income $400pw until 18/2/27 - Lease renewal offered at $440 pw
Unit 6: Weekly rental income $440pw until 30/10/27
Unit 7: Weekly rental income $400pw until 18/2/27, increasing to $440 pw til 18/2/28
Unit 8: Weekly rental income $440pw until 19/6/27
Current Rental Income (if fully leased) - $176,020 pa
Annual Rental Income after February 2027 - $182,260 once leases are renewed
At full occupancy, the property has the potential to generate an impressive $176,020 (approx) in gross annual rental income, equivalent to $3,385 per week or $14,668 per month (approx), rising to $182,260pa gross income after February 2027.
Furthermore, there is an outstanding opportunity to optimise the existing rental returns through further renovation and rejuvenation to realise the investment's fullest income earning potential - the option is yours!
Sitting on an impressive 751sqm easement free allotment with 18.29m frontage and 41.1m depth, this substantial landholding offers investors the perfect combination of multiple income streams, strong rental demand and long-term capital growth potential, all within minutes of the Adelaide CBD.
The location is undoubtedly one of the property's greatest assets. Nestled in the heart of Hyde Park, residents can stroll to the vibrant shopping, dining and cafe precincts along Unley Road and King William Road, where boutique retailers, acclaimed restaurants and charming local cafes create an enviable cosmopolitan lifestyle. The leafy surrounds of Heywood Park offer a peaceful escape, while Unley Shopping Centre and Mitcham Square Shopping Centre provide excellent everyday convenience. Families will appreciate proximity to prestigious schools including Walford Anglican School for Girls and Scotch College, with the property also zoned for Unley Primary School and Unley High School. Local bus services are within walking distance, while the Adelaide CBD is less than 10 minutes away by car, placing Adelaide Central Market, Chinatown, the University of Adelaide and the beautiful Adelaide Park Lands within easy reach.
Opportunities like this to acquire an entire block of 8 units in one of Adelaide's most desirable inner southern suburbs are exceptionally rare. Combining substantial rental income, multiple tenancies and a prized Hyde Park address, you can secure your financial future today with a high yielding growth asset providing reliable retirement income for the rest of your life! This is an opportunity not to be missed!
Call Mike Lao on 0410 390 250 or Tyson Bennett on 0437 161 997 to inspect!
Year Built / 1964 (approx)
Land Size / 751sqm (approx - sourced from Land Services SA)
Frontage / 18.29m (approx)
Zoning / EN - Established Neighbourhood
Local Council / City of Unley
Council Rates / $1,082pa per unit (approx)
Water Rates (excluding Usage) / $902.42pa (approx)
Es Levy / $367.50pa (approx)
Title / Torrens Title 5666/498
Easement(s) / Nil
Encumbrance(s) / Nil
Internal Living / 276sqm (approx)
Total Building / 304sqm (approx)
Construction / Solid Brick
Gas / Not Connected
Sewerage / Mains
If this property is to be sold via Auction, we recommend you review the Vendors Statement (Form 1) which can be inspected at the Edge Realty Office at 4/25 Wiltshire Street, Salisbury for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts. Please contact us to request a copy of the Contract of Sale prior to the Auction.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
features
- Air Conditioning
- Built-ins
- Heating
- Garden Shed
Contact The Agent
overview
-
L42986970
-
Auction Wed 2/12 onsite at 6:30pm (USP)
-
Block of Units
-
Auction
-
1-8/38 Fashoda Street HYDE PARK SA
-
8
-
8
-
Wed 02nd of Dec
6:30 PM -
Onsite
-
751 sqm
-
18.29 meter
-
$902 Per Year
-
$8,656 Per Year