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SOLD

22 & 24 Penrith Court, Mitchell Park, SA, 5043

Properties / Sold / South Australia / Mitchell Park

Development Potential

1. Property Summary

Property Type

Residential

Land Area

837 m² (*approx)

Selling Method

For Sale: Best Offer

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2. Property Highlights

INCREDIBLE RENT RETURN - DEVELOPMENT POTENTIAL

The election is over, Negative Gearing is intact and the market is on the move. The Mitchell Park and Tonsley area is primed for growth with private and Government investment setting the scene for many years to come.

Then... opportunity knocks with the release of this prime investment that has shown a solid rent return over many years. This pair of 3 bedroom maisonettes is on one title and currently returns $600 per week making it ideal for investing now with a view to the future.

Set on an allotment of approximately 837 square metres with a frontage of 29.36 metres the property is located in the City of Marion's Medium Density Policy Area 12 granting development potential for 3 separate allotments or 3 - 4 'Row' dwellings subject to all necessary consents.

The properties are currently leased and available strictly by appointment. Simply call us today to arrange your inspection

Lewis Prior First National Real Estate takes pride in presenting this property to the market. We welcome your enquiry and encourage you to make a personal appointment to inspect this property at a time that suits you.

For more information or to Find Out What Your Home Is Worth . . . FREE, please contact Brett Lewis and Paul Harris.

Remember to mention you found this property on DevelopmentReady