32 Mills Avenue

Port Noarlunga SA 5167

This four bed, 2 bath family home is well-loved by the current long-term tenants, making this an ideal investment choice well into the future. The large rumpus room is currently utilised as a granny flat and ensures maximum rent with the property attaining a market yield of around 5% gross. The tenants are on a fixed term lease and may renew providing long term income from this no-brainer investment!
The block has a huge 19.51m (approx) frontage which could allow for future subdivision and the potential to develop and prosper (STCC). There are no easements, encumbrances or significant trees and concept plans are available for four double storey dwellings making this a unique opportunity (please note concept plans are not currently council approved).
When buying property to expand your portfolio and subsequently create wealth it's all about great tenants and LOCATION, LOCATION, LOCATION and this home has it all. It is a mere 830 metres (approx) from Noarlunga Centre Station, close to the Colonnades Shopping Mall and a short walk to bustling Beach Road, providing easy access to excellent shops, cafes and transport. The other appeal for tenants and a reason for future capital growth is the proximity to the beautiful sands of Christies Beach. The local amenities of Port Noarlunga makes this a suburb ideal for investment and development.