1-4/39 Rosewater Terrace
Ottoway, SA 5013

Overview

1-4/39 Rosewater Terrace, Ottoway

This property is a solid investment opportunity comprising four single-level units on one title, offered as a whole. It has a strong history of long-term tenancies and consistent rental returns, making it an attractive addition to a self-managed super fund (SMSF) portfolio.

The property is situated on a generous allotment of approximately 1050 square meters and currently generates rental income exceeding $90,000 per annum. It has undergone significant upgrades in recent years, including the construction of Unit 4 approximately six years ago, while the other three units have been updated and improved to modern standards.

Additional enhancements to the property include new carports, new concrete driveways, and landscaped grounds, contributing to the overall appeal and functionality of the site.

Each unit offers comfortable living spaces featuring two bedrooms, spacious open-plan living areas, modern kitchens, and bathrooms with separate laundries. All units benefit from private rear yards, providing outdoor space for tenants. There is also a shed on the property that offers additional storage options.

Located in a convenient area close to Port Adelaide, transport links, shops, and amenities, this property presents a rare opportunity to secure a quality investment with excellent future potential.

Key Features:

• Group of four single-level units on one title, all fully tenanted
• Current rental return in excess of $90,000 per annum
• Situated on approximately 1050 square meters of land
• Property upgraded six years ago with new electrical and plumbing installations
• Unit 4 was built approximately six years ago
• Three existing solid brick units have been upgraded and improved
• Modern kitchens throughout
• Separate laundries in each unit
• Private rear yards for all units
• New carports and concrete driveways
• Landscaped grounds enhancing the property's appearance
• Close proximity to Port Adelaide, transport, shops, and amenities
• Potential for redevelopment or individual sale, subject to council consent (STCC)

This is an excellent opportunity for investors seeking a reliable income stream and potential capital growth. The property will be auctioned on-site on Saturday 11th April 2026 at 11:30 AM. Open inspections will be conducted only at the tenants' availability.

Please note that the vendors have requested no price representation. Recent sales information is available upon request or at open inspections. The vendor's statement and relevant searches will be made available to the public at the Belle Property West Lakes office for three clear business days prior to the auction or 30 minutes before the auction starts.

Neither the agent nor the vendor accepts liability for any errors or omissions relating to this property.

Location