1-4/3 Croydon Road
Keswick, SA 5035

Overview

Once In A Generation Opportunity In Popular City Fringe Locale

This exceptional offering presents a rare opportunity to acquire a block of four individually titled strata units in the highly sought-after Keswick area, a location prized for its proximity to Adelaide's CBD and excellent transport links. The property is currently fully tenanted, providing immediate income and a secure investment prospect for astute buyers.

Each unit is thoughtfully designed with identical layouts, featuring two bedrooms, one bathroom, a lounge area, and a dedicated car space. The solid brick construction ensures durability and low maintenance, while the units have been renovated approximately 12 years ago, enhancing their appeal and functionality.

The block comprises two ground-floor units with private yards and two upper-level units with balconies, offering a mix of outdoor living options. The spacious open-plan living, dining, and kitchen areas are complemented by split-system air conditioning, ensuring comfort throughout the year. The kitchens are well-appointed with gas cooktops, dishwashers, and quality appliances, alongside tiled splashbacks and floating floors that add a modern touch.

Bedrooms are generously sized, with the master bedrooms featuring built-in robes and ceiling fans. Bathrooms have been renovated with floor-to-ceiling tiles, large showers, and vanity units, while combined laundry and bathroom facilities add convenience. Upgraded electrical systems and windows in the living areas further enhance the property's quality.

The total land area is approximately 692 square meters, with a building footprint of 60 square meters per unit. The property includes four carport spaces and an additional off-street parking space, catering well to residents and visitors. A large parcel of land at the rear offers potential for additional car parking or storage, subject to council approval.

Strategically located, the property benefits from zoning within the Urban Corridor (Business), presenting diverse redevelopment opportunities for the future, subject to planning consent. The area is well-serviced by public transport, including nearby Parklands and Wayville train stations, and is close to the Adelaide Showgrounds, parklands, cafes, and eateries. The proximity to reputable schools such as Adelaide High School and Botanic High School adds to the location's desirability.

With a total passing income of approximately $93,340 per annum, this block of units offers a stable and attractive return. The property is ideal for families, self-managed super funds, or investors seeking to expand their portfolio with a secure, income-producing asset on the doorstep of Adelaide's CBD.

• Four individually titled strata units in a tightly held city fringe location
• Fully tenanted with immediate income generation
• Identical unit layouts: 2 bedrooms, 1 bathroom, 1 carport space each
• Renovated kitchens and bathrooms with quality fixtures and fittings
• Comfortable living spaces with air conditioning and modern flooring
• Outdoor areas include private yards and balconies
• Potential for further value-add through renovations and redevelopment (STPC)
• Large rear land parcel suitable for additional parking or storage (STPC)
• Close to public transport, schools, shopping, and recreational facilities
• Urban Corridor (Business) zoning offering redevelopment potential

This property represents a unique and compelling investment opportunity in one of Adelaide's most desirable inner suburbs. Buyers are encouraged to conduct their own due diligence to fully appreciate the potential and benefits of this rare offering.

Location