FOR SALE
$300,000 - $315,000

45 & 46/3 Bingham Street
Goolwa SA 5214

Bedrooms: 3
Bathrooms: 2
Car spaces: -
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Investment Opportunity

Something a little bit different for the Investors to consider.
The Caretaker's Apartment at the Coastal Living Village Life Centre (being Lots 45 & 46) is for sale offering the investment buyers an option for a secure tenancy and income with a 5 + 5 + 5 year lease and a current rental income of approximately $17,420 p/a. The current Lease is in the 2nd year of the 1st 5 year agreement.
The premises are only available to the employed Caretaker of the village who is currently employed by the SCV group to manage and run the centre, preparing meals, maintaining the yards etc.
There is NO option for the buyer to live in the premises, it is strictly for occupancy by the appointed and employed Caretaker who is employed by the Centre.
Lot 46 is the house which consist of large open plan living, dining and kitchen areas that open up to a small outdoor balcony. Split System Reverse Cycle Air Conditioning. 3 good sized bedrooms, main with BIR and Ensuite. 2nd & 3rd Bedrooms also both with BIR's. Family sized bathroom with bath, shower & vanity. Separate WC off laundry.
Overall, it provides good comfortable living for the caretaker, however upgrades would be beneficial at some stage, perhaps between the caretakers, ie: new carpets, blinds and some internal painting to keep the premises in good order.
Lot 45 is the downstairs office and storeroom.
This is a very unique opportunity that has seen the current owners enjoying a steady income of rent, that is reviewed annually, with a minimal amount of fuss.
• Complex built approx 2002
• Lot 45 Office - Title 6065 / 459
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Property Details for 45 & 46/3 Bingham St, Goolwa

45 & 46/3 Bingham St, Goolwa is a 3 bedroom, 2 bathroom House. The place is currently for sale with Ray White Goolwa.

Building Type
House

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About Goolwa 5214

The size of Goolwa is approximately 17.4 square kilometres. It has 11 parks covering nearly 1.4% of total area. The population of Goolwa in 2011 was 2,201 people. By 2016 the population was 2,361 showing a population growth of 7.3% in the area during that time. The predominant age group in Goolwa is 70-79 years. Households in Goolwa are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Goolwa work in a trades occupation. In 2011, 67% of the homes in Goolwa were owner-occupied compared with 68.8% in 2016.

Goolwa has 1,873 properties. Over the last 5 years, Houses in Goolwa have seen a 94.27% increase in median value, while Units have seen a 86.81% increase. As at 30 November 2024:

  • The median value for Houses in Goolwa is $637,290 while the median value for Units is $383,207.
  • Houses have a median rent of $450 while Units have a median rent of $228.
There are currently 10 properties listed for sale, and 1 property listed for rent in Goolwa on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Goolwa.

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Nici Godwin
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Ray White Goolwa
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