1-3/81 Albert Street
Prospect, SA 5082

Overview

1-3/81 Albert Street, Prospect SA 5082

Welcome to Units 1-3/81 Albert Street, a rare and fantastic opportunity in the highly sought after suburb of Prospect. This unit complex has been tightly held for well over 50 years and presents a unique chance for investors or owner-occupiers seeking multiple income streams under one title.

Set on a single title with a total allotment size of approximately 696 square meters, the property comprises three two-bedroom units, each designed with a practical and consistent layout. Each unit offers two generous bedrooms, a central bathroom, and a comfortable living space, providing functional and appealing accommodation.

Unit 1 is currently vacant and benefits from a split-system air-conditioner, ensuring year-round comfort. Units 2 and 3 are tenanted, each generating rental income of $250 per week under periodic leases, offering immediate investment returns.

At the rear of the property, tenants have access to a shared laundry facility and storage room, enhancing convenience and utility. Each unit also benefits from a designated carport space at the front, with additional off-street parking available along Albert Street, catering to residents and visitors alike.

Ideally positioned in the blue-chip suburb of Prospect, these units enjoy exceptional proximity to a wide range of local amenities and everyday conveniences. Public transport options are readily accessible, with multiple bus stops along Churchill Road and nearby train stations at Islington and Dudley Park, facilitating easy commuting.

The Adelaide CBD is within a convenient 15 to 20-minute drive, making this location highly desirable for professionals and families. For shopping and lifestyle needs, Bunnings Prospect and the Churchill Centre are just moments away, featuring major retailers such as Costco and Coles, alongside a variety of popular dining options.

This property offers outstanding accessibility and convenience in a highly sought-after location, delivering excellent lifestyle benefits and investment potential. The unit complex is becoming increasingly sought after due to the greater rental yields on offer and the reduced risk associated with rental income being spread across three separate units.

Whether you are expanding your investment portfolio or entering the market for the first time, this is a rare opportunity to secure multiple income streams on one title in a thriving area. The property is well-positioned to attract quality tenants and offers a solid foundation for future growth.

Additional details include a frontage of approximately 15.24 meters, council rates of $1572.00 per unit per annum, and water rates to be advised. The year built is currently to be advised.

Do not miss this exceptional offering in Prospect. Opportunities like this are rare and highly sought after. Act quickly to secure this valuable investment.

Location