1-3/45 Gladstone Avenue, Kilburn, SA 5084

Set across approximately 752sqm, 1–3/45 Gladstone Avenue presents a rare opportunity to secure three recently renovated units. On one generous Torrens titled allotment in a convenient location, only 7km from the Adelaide CBD. 

Well suited to investors seeking an established income stream, the property comprises two three-bedroom units and one two-bedroom unit, each offering practical, low-maintenance living with solid brick construction and functional floor plans. 

All three units are securely tenanted with long-term tenants as below. The rental return receiving $94,640 per year. 
Unit 1 is currently rented for $650 per week, with the lease ending on June 8th 2027.
Unit 2 is currently rented for $620 per week, with a new tenancy commencing on September 25th 2026 and ending on September 24th 2027.
Unit 3 is currently rented for $550 per week, with the lease ending on May 20th 2027.
Offering great rental returns. 

Each residence opens to a spacious living area, with neutral interiors creating a comfortable and easily maintained environment. Updated kitchens feature modern cabinetry, stainless steel appliances and gas cooking, with generous pantry storage to units one and two. Bedrooms are well proportioned with built-in robes, while each unit includes a tiled bathroom with bath, separate WC and dedicated laundry with rear access.

To the rear, a substantial six-car carport provides secure undercover parking for residents, while the overall allotment also offers longer-term potential to explore future development or subdivision options, subject to the necessary consents.

Whether retained as an investment, further improved over time or considered for future redevelopment, this is a flexible holding in a well-connected Kilburn position.


Features

• Three established units on approximately 752sqm
• Two three-bedroom units and one two-bedroom unit
• Torrens titled allotment
• Solid brick construction
• Spacious living areas
• Updated kitchens with modern cabinetry
• Stainless steel appliances and gas cooking
• Generous pantry storage to units one and two
• Built-in robes to bedrooms
• Brand new bathrooms with bath
• Updated flooring and freshly painted
• Low-maintenance surrounds
• Six-car undercover carport constructed in 2021

Lifestyle

• Directly opposite Gladstone Avenue Reserve
New kitchens with modern cabinets, new flooring, new bathroom and freshly painted throughout
• Easy access to Prospect Road cafés, dining and everyday conveniences
• Moments from Churchill Centre, including Costco, Aldi and Coles
• Close to Sefton Plaza and Northpark Shopping Centre
• Convenient access to Kilburn Railway Station & regular bus services available along Prospect Road
• Zoned to Roma Mitchell Secondary College
• Close to Enfield Primary School and Prospect Kindergarten
• Approximately 4.3km from North Adelaide
• Approximately 6.5km from the Adelaide CBD

Rates

• 752sqm approx.
• Year Built 1970
• Torrens Title
• City of Port Adelaide Enfield
• Council Rates $3,613.20PA (3x rates notices)
• SA Water $197.71PQ
• ESL $284.40PA

Please note: The photos used in the advertising reflect Units 1, 2 and 3.

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