52 East Terrace, Kingston Se, SA 5275

Make an offer on this property: https://portal.reaforms.com.au/purchaser/52-east-terrace-kingston-se-sa-5275-cnra1sg3xjgi61ctof74x2zk0
 
An exceptional investment opportunity awaits in Units 8 to 13 at 52 East Terrace, Kingston SE. Offered in one line on a single title, this back block of six units is being subdivided onto its own dedicated title. Delivering immediate cash flow, all six units feature basic level upgrades, are fully tenanted, and are professionally managed.

Rents are being increased in a fair manner with existing tenants, with Unit 8 now at $265 per week, while vacant units are advertised at market rental guides to keep yields moving in the right direction. An information sheet is available for prospective investors to assist with due diligence once an online enquiry is received.

Kingston SE is a great fishing and tourist town in South Australia, known for its foreshore, lifestyle, and local community. Located close to the Area School and new Early Years Centre, shops, cafes, medical facilities, and the beach, the units benefit from steady rental demand. This popular location supports high occupancy rates and reliable ongoing returns.

The property also offers strong future potential. The current owner is already subdividing the front block of seven units to renovate, and buyers of the rear block have the option to explore subdividing these six units into separate titles down the track with council permissions. Whether held as a complete high yielding block or subdivided in the future, this is a solid property package.

Address: Units 8 to 13 / 52 East Terrace, Kingston SE SA 5275
Offering: 6 rear units offered in one line on a single title (being subdivided from the front block)
Current Rent: $1,415 per week combined ($73,580 per year approx.)
Rent Progress: Unit 8 now at $265 per week, with ongoing rent reviews across the block
Unit Values: $240,000 to $250,000 per unit guide | Market rental guide: $245 to $265 per week
Outgoings: Council rates approx. $8,000 per year for the rear block; Water $624.58
Site Features: Covered carports, paved rear area with clotheslines, and shared driveway access
Management: Fully tenanted and professionally managed; strata arrangement to cover shared driveway and boundary fencing
Subdivision Scope: Option to explore separate unit titling with council permissions and costs
Sale Method: Expressions of Interest invited

To request the information sheet or to arrange an inspection, contact Karyn Prelc 0402 268 137

Send an enquiry in today so Karyn can best assist you.

RLA 291953