59B Main Street

Lobethal SA 5241

Ideally located in the heart of the popular hills township of Lobethal 57-59 Main Street offers a unique opportunity for purchasers seeking a high return investment property with long term tenants already in place. Built in 1890 this attractive symmetrical cottage was originally one home but has been cleverly separated into tow individual units with individual power metres for each home. Both homes offer two large bedrooms, large living rooms, well equipped kitchens and one bathroom. Tall ceilings, timber flooring and cottage windows are trademarks of the home s era while there is garaging for each home with easy rear access. Zoned Business Centre the property can be used for residential or business purposes (subject to necessary consents). Set on a large 1186 square metre allotment and with the homes separately addressed as 57 & 59 Main Street there may be potential to subdivide the homes into two separate strata/community Titles again subject to all consents. Better than money in the bank this property returns $500 per week in rental which equates to a 6.34% return on investment. If you are seeking a high yielding rental property you won t find better than 57-59 Main Street, Lobethal. Inspection highly recommended!