Newton 1-3/116 Gorge Road

6 beds 3 baths 3 cars Block of Units


AUCTION: Saturday 22nd October at 11:00am (Unless Sold Prior)

Rare investment opportunity - block of three units, on large allotment in the heart of Newton.

Large allotment of 832sqm (approx.) with two street frontages (Rear Access via Young Street), with three existing neatly presented unit dwellings.

Group of three, two-bedroom unit dwellings with light-filled open plan kitchen/dine/lounge, generous bathrooms with bath and laundry facilities, and carport.

Two units currently occupied on fixed term leases and one ready to be leased (Lease details and market rental appraisal available upon request).

Perfectly located, just a short walk to Newton Shopping Centre and surrounding retail.

The Thorndon Park Reservoir Reserve is also just a short stroll.

Close to quality public and private schooling including; Charles Campbell College and nearby primary schools, Paradise Primary School and East Torrens Primary School. Quality private schools in the area include St Ignatius College, St Josephs, St Francis of Assisi & Rostrevor College.

Easy access to public transport with the bus service.

Excellent long-term investment opportunity with immediate returns.

Opportunity for redevelopment subject to usual Council consents and approvals, with great holding income in the meantime.

Quality investment opportunities such as this are rare and holdings of this nature are very tightly held.

AUCTION: Saturday 22nd October at 11:00am (Unless Sold Prior)

AGENTS: Jack Booth 0418 818 925 and Bernard Booth 0418 821 919
RLA: 316780 & 294724

1-3/116 Gorge Road, Newton
6 3 3
Sold $1,090,000

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Property Information

  • Land area approx 832sqm

Property Features

  • Carports 3
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