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Apartment Complex/738-740 Grand Boulevard Seaford Meadows SA 5169

  • Offices
  • 788 m²
  • For Sale, Price on Application

A Grand Investment - Opportunity Knocks on These 12 Doors ...

  • Fully Leased New Seaside Apartments
  • Strong Investment Fundamentals
  • Substantial Depreciation Allowances

This investment property comprises of 12 fully Leased brand new apartments, 8 two bedrooms and 4 single bedrooms, each with an undercover car park. The demand in Seaford Meadows is strong with 44% of the population renting and as a result less than 1% vacancy.

Completed in 2020 the property has substantial depreciation benefits. The current gross income is estimated at $178,880 and this will have a corporate guarantee for 5 years from the developers Buildtec Group. The property will also have an extended Builders Warranty for 5 years.

South of the city, Seaford Meadows is one of the newer suburbs within Metropolitan Adelaide. This property is 1.5km from the beach, 200m from Seaford Meadows Shopping Centre, 50m from the bus stop, 600m from the train station, 4.5km from the M2 Southern Expressway, 35km from Adelaide CBD (35 minute drive) and 7km from the McLaren Vale Wine District.

- An investment with significant depreciation

- Substantial tax free income

- Current gross income - $178,880

- 12 brand new quality apartments constructed by Buildtec in popular growth suburb

- Strong rental market 44% of local population rent - local vacancy less than 1%

Joint Agent:
Nick Loan - 0412 843 566
RLA 302617

Property Highlights

Property ID2016463927
Floor Area788 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
Last updated  14 Sep 2020
Map for Apartment Complex/738-740 Grand Boulevard Seaford Meadows SA 5169
Map for Apartment Complex/738-740 Grand Boulevard Seaford Meadows SA 5169Apartment Complex/738-740 Grand Boulevard Seaford Meadows SA 5169
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