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Overview
Fully Tenanted Portfolio Opportunity with Immediate Returns
Positioned in the sought-after area of Port Pirie West, this unique investment opportunity presents four separate dwellings located at 29A, 29B, 29C, and 29D Rupara Street, offered as a single complete package. This portfolio is ideal for investors seeking immediate returns and multiple income streams.
The combined land allotment is approximately 1,843 square meters, providing a substantial holding with future development potential, subject to council approvals. Each dwelling is designed with three bedrooms and one bathroom, offering comfortable living spaces suitable for tenants.
All four properties are currently tenanted, generating a combined rental income of $1,260 per week, equating to approximately $65,520 annually. This established rental income stream ensures immediate cash flow from the date of settlement, making it an attractive proposition for investors looking to expand their portfolio or enter the market with a sizeable asset.
These homes are conveniently located close to local schools, shopping centers, and essential amenities, which contributes to strong tenant demand and ongoing rental appeal. The substantial land size also offers potential for future subdivision or redevelopment, subject to the necessary consents and approvals.
Port Pirie is experiencing robust demand for rental accommodation, driven by ongoing investments in industry, infrastructure, and essential services. Recent government initiatives have highlighted a shortage of suitable housing for key workers, including those in healthcare, education, and emergency services. This demand, combined with the region's strategic location and diverse employment opportunities, supports long-term rental stability and growth potential.
Property details include Torrens Title with Certificate of Title numbers 6095/247, 248, 249, and 250. The total building area across the four dwellings is approximately 324 square meters, averaging about 81 square meters per property. The land is divided with approximately 450 square meters for properties A, B, and C, and about 493 square meters for property D. The homes were built around 2013 and are situated within a Suburban Neighbourhood zoning under the Port Pirie Regional Council.
Annual council rates are approximately $5,871.55, with emergency services levy around $480.90 per annum. Water supply charges are estimated at $314.40 per quarter, and sewerage charges approximately $347.80 per quarter. There are no easements or encumbrances affecting the properties.
This portfolio offers a rare chance to acquire a fully tenanted group of homes with immediate income and future growth prospects in a stable regional market. Investors can benefit from the security of established tenancies and the potential for capital appreciation in a convenient and well-serviced location.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $970,000 - $999,000 | |
| $1,050,000.00 | |
| $1,100,000.00 |
Location
Port Pirie West SA 5540
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 324 m² |
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
