1-6/31 Bishop Street, Renown Park, SA 5008

David Paladino and Jeremy Marrollo of National Realty Port Adelaide are excited to present to market, units 1-6 of 31 Bishop Street Renown Park which offers a rare investment opportunity only moments from the Adelaide CBD!

Set on a generous 700m2 Torrens Titled Allotment this complex presents the perfect opportunity for those wishing to secure a rare and long-term investment where they can truly set and forget. 
Presently comprising of 6 updated 1-bedroom units, Units 3 & 6 at the rear present additional opportunity to be converted into two bedrooms to further enhance your prospective investment return.

Currently generating an annual return of $90,480.00, this is divided amongst long term tenants broken down as:

-	Unit 1:	$300.00 per week - Fixed Until October 2025
-	Unit 2:	$320.00 per week - Fixed until July 2025
-	Unit 3: 	$330.00 per week - Fixed until October 2025
-	Unit 4: 	$300.00 per week - Fixed until February 2025
-	Unit 5: 	$250.00 per week - Periodic
-	Unit 6:	$240.00 per week - Periodic

Key Features Of This Unit Block Includes:

-	Updated Units - Each unit has had their bathrooms and kitchens updated
-	Split System Air-Conditioning - Each Unit Features their own split system Air-conditioner
-	Private Courtyard - Each Unit Features their own private front courtyard 
-	Long-Term Tenants: All units are fully rented with long-term tenants , ensuring steady and reliable rental income 
-	New Hot Water Systems - Each Unit has had a new Hot Water System installed within the past 18 months
-	Parking - Each Unit has an allocated parking space 
-	Only 6km to the Adelaide CBD 
-	No STRATA applicable 

Whether a First-time investment or as an addition to your investment portfolio, this is a city fringe opportunity not to be missed. 

Contact David Paladino on 0421 649 255 or Jeremy Marrollo on 0435 882 333 to secure this fantastic opportunity.

Specifications:
CT / 5652/231
Council / City of Charles Sturt
Built / 1968
Land / 700 m2
Council Rates / $1,298 PA
ESL / $ 216 PA