46/3 Bingham StreetGoolwa SA 5214
Property Details for 46/3 Bingham St, Goolwa
46/3 Bingham St, Goolwa is a 3 bedroom, 2 bathroom House and was built in 2003. The property has a land size of 9m2 and floor size of 20m2. While the property is not currently for sale or for rent, it was last sold in December 2015.
Last Listing description (November 2024)
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
Lot 46 Apartment - Title 6065 / 460
Lease 5 + 5 + 5 (currently in the 2nd year of the 1st 5)
Annual Rent approx $17,420 p/a
Apartment with 3 bedrooms, 2 bathrooms & open plan living
Only available for the Caretaker to reside under their employment agreement with SCV Group
The Owner of the apartment is responsible for certain outgoings which include:
Water Supply only, approx. $296 p/a
Council Rates, approx. $1,705 p/a
Strata Fees, approx. $2,320 p/a
Perhaps ideal for those investors with a Self-Managed Super Fund, or just looking for an investment with a steady return.
The apartment itself is available to view, STRICTLY by appointment through the Agent and is for genuine buyers only!
Lease, By-laws, Title, Community Plan & Entitlements available upon request.
Contact Nici today to arrange a time to view.
Disclaimer - Every precaution has been taken to establish the accuracy of the material herein. Prospective purchasers should not confine themselves to the contents but should make their own enquiries to satisfy themselves in all respects. Ray White Goolwa / Victor Harbor RLA 298107 will not accept any responsibility should any details prove to be incomplete or incorrect.
Property History for 46/3 Bingham St, Goolwa, SA 5214
- 19 May 2024Listed for Sale $300,000 - $315,000
- 11 Dec 2015Sold for $140,000
- 02 May 2014Sold for $125,000
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0About 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 1,863 properties. Over the last 5 years, Houses in Goolwa have seen a 90.80% increase in median value, while Units have seen a 81.41% increase. As at 31 October 2024:
- The median value for Houses in Goolwa is $631,700 while the median value for Units is $383,478.
- Houses have a median rent of $450 while Units have a median rent of $228.
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