Real Estate in South Australia

Lot 38 Adams Street, Blanchetown SA.Building block in great location near the heart of Blanchetown.
989 sq metres, elevated position with river views, reduced to only $49,950 for quick sale.
Close to boat ramps, pub, school, Lock One, shops, Post Office, medical centre.
About 100 metres to the water, but above the 1956 flood level.
Ony one hour's drive to Adelaide's Northern suburbs, and another 30 minutes to the CBD.
Build a new investment or retirement home, a weekender or permanent living, and/or a shed for the boat, bike, caravan or jet ski.
Our intention was to build a house for holiday rentals.
Expected return: $150 per night or $300 for a long weekend.
At 90% occupancy in summer and 30% in winter, would return $8,000 pa
Building an $80,000 house would mean an immediate value of around $220,000 or $85,000 profit.
Alternatively, this would make an attractive long-term investment proposition with returns exceeding outgoings.
Capital gain in the future is assured as river properties like this are rare.
We can organise construction if desired.
Local service can be arranged for cleaning, linen, maintenance.
Views cannot be built out.

Call Brenton Wight on 08 8566 2875 or 0408 816416 or email leanmachine@satman.com.au