136 Three Chain Road, Port Pirie South SA 5540

Property Details: • Type: House

• Bedrooms: 6 • Bathrooms: 4

Description: A fully tenanted, well-maintained multi-dwelling investment with development upside that interstate investors rarely find at this price point. Total Rental Income of $870 per week. 136 Three Chain Road is a fully tenanted, multi-dwelling income property comprising four self-contained residences on a single 1,536m² allotment in Port Pirie South. Currently generating $45,280 in gross annual rental income across four separate tenancies with zero rental arrears, all bonds held in trust, and a tenancy history that has never been negatively geared. This is a proven income asset, not a speculative one. The Asset The property comprises two structures on a single title: Main House A Federation-era stone home with cement render finish. 3 bedrooms with built-in wardrobe, one bathroom, separate laundry, and a study area. Equipped with oven, cooktop, and split-system air conditioning. The character of the period has been modernised lowered ceilings, but still higher than normal, and wooden floors have been carpeted. Three Self-Contained Units (Units 13) Brick construction, each featuring a combined living/dining/kitchen area and a separate laundry/bathroom and electric hot water. Each unit is fully self-contained and independently tenanted. Concrete flooring has been carpeted. Outbuildings & Parking A large shed and covered carport, plus additional open parking with more than four car spaces. Ample space to ambitiously construct another building if desired. Zoning Suburban Neighbourhood, Port Pirie Regional Council. Tenancy Every tenancy is occupied. Most tenants are long-term residents, well known to the property and up to date on rent. No arrears. This property has maintained 100% occupancy throughout its ownership a rare and bankable track record in any market. Port Pirie South has delivered strong and consistent growth. Critically, there are a negligible number of comparable multi-dwelling investment listings currently active in Port Pirie South at this point. This property enters the market with no direct competition. Property Summary Configuration: Main house (3 bed + 1 bath + Lounge + study) 3 x units (1 bed + 1 bath + Lounge, each) Total: 6 bedrooms | 4 bathrooms | 6 car spaces (4 open + 2 carport) Land: 1,536m² Single Title Zoning: Suburban Neighbourhood Annual gross income: $45,280 (3 weekly leases + 1 monthly lease) Gross yield: 6.38%6.76% across asking range Tenancy: 100% occupied Never negatively geared throughout ownership Strata conversion: 4 titles possible (subject to feasibility) No easements | No access issues A comprehensive Buyer's Information Report is available on request. Call Kurt daSilva on 0430 601 612 for details. [email protected] RLA 333927