66 Lindsay Avenue, Valley View, SA 5093

Presented by your local real estate agent Mohit Gupta of Ray White Modbury are these 2 fantastic propositions on 66 Lindsay Avenue & 2 Audrey Crescent, in the evergreen suburb of Valley View. 

Perfectly positioned for the astute investor is this once in a life time opportunity, to either live in the main house and rent out the 7 units or run an Air Bnb Business (Subject to planning consent) and achieve substantially higher rental returns. Please note 66 Lindsay and 2 Audrey are on 2 different titles yet owned by the same entity and can be bought together or independently.

While 66 Lindsay Avenue, has a 5 bed, 2 bath home with four additional units within the same premises, 2 Audrey Crescent has three, 2 bedroom units plus a massive shed with a toilet at the back of the property.

Features of the main house at 66 Lindsay Avenue include:-
• 5 bedrooms. 4 Bedrooms located upstairs.
• Ducted reverse cycle cooling and heating throughout.
• Chefs kitchen with stone benchtop, gas cooktop, dishwasher.
• Wall mounted wood oven built into the 2nd living area of the home, adjacent to the kitchen.
• Bathroom located downstairs with shower, toilet and vanity.
• Bathroom located upstairs with spa bath, shower x2, toilet x2, bidet, vanity x2 and two-way access with the provision to add a steam room.
• Sunroom with balcony upstairs.
• Laundry room with ample storage throughout.
• Single automatic garage with internal access as well external access to the front of the home.
• Central staircase leading upstairs with its own storage.
• Built in phone with two-way intercom and security cameras with recording and 24X7 surveillance throughout the property.
• Electric gate with key system provides access to the rear of the home and following units.
• A current rental potential of $900 per week while a written rental appraisal can be provided upon request.

Features of the 4 units at 66 Lindsay Ave, Valley View :-
Unit 1 of 66 Lindsay Avenue - Currently rented at $400 per week with a potential rental estimate of $480 per week. Fixed term lease expiring on the 07/11/2025.

Unit 2 of 66 Lindsay Avenue - Currently rented at $430 per week with a potential rental estimate of $480 per week. Fixed term lease expiring on the 28/05/2025.

Unit 3 of 66 Lindsay Avenue - Currently rented at $410 per week with a potential rental estimate of $480 per week. Fixed term lease expiring on the 02/10/2025.

Unit 4 of 66 Lindsay Avenue - Currently rented at $400 per week with a potential rental estimate of $480 per week. Fixed term lease expiring on the 11/11/2025.

All 4 of these units have built in robes, aircons and floating floors in them and are generating a cumulative net income of $1640 per week on their respective fixed term tenancies.

2 Audrey Crescent, Valley View houses three, 2 bedroom units; each complete with floating timber floors, built in robes in all bedrooms, a bathroom with toilet included in each as well as laundry capacities and kitchens with tiled splashbacks and a split system air conditioner.

These units are generating a net income of $1270 per week on their respective fixed term tenancies (details below).

Unit 1 of 2 Audrey Crescent - Currently rented at $440 per week with a potential rental estimate of $480 per week. Fixed term lease expiring on the 11/11/2025.
Unit 2 of 2 Audrey Crescent - Currently rented at $450 per week with a potential rental estimate of $480 per week. Fixed term lease expiring on the 23/04/2025.
Unit 3 of 2 Audrey Crescent - Currently rented at $380 per week with a potential rental estimate of $480 per week. Fixed term lease expiring on the 01/09/2025.

Please click on the video link in the floor plans and tours section at the bottom of the listing to view images of all the 7 units including the 3 on 2 Audrey Crescent. 

The massive (9.50m x 17.40m) shed has potential to be converted into a further 3 units, subject to planning consent or continued on with its current use. The shed can be accessed from 66 Lindsay and alternatively access could be installed from 2 Audrey Crescent.
Please note both titles have no easements or encumbrances or significant trees.

The current total rental income achieved is $2910 PW or $151,320 PA.
The potential total rental income that could be achieved is $4050 PW or $210,600 PA.

With so much potential and located within minutes to so many amazing local amenities an in person inspection is an absolute must!

Please note that all questions can be directed to Mohit Gupta of Ray White Modbury on 0421472034

DISCLAIMER: We have in preparing this document used our best endeavors to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.

RLA-322341