This property is a house in 290/T121301 Blanchetown SA. The local council is Mid Murray, it has 1 bedroom, 1 bathroom.
10% Return - Entry Level Investment Affordable Commercial Investment Property.For the same price as a house whereby you will get approx 4% gross return, this alternative for the same price will provide approx 10% net return - tenant pays council rates, Emerg Serv Levy and Mgmt Fees.Brand new 5+5+5+5 year lease.The business is Blanchetown's own Supermarket/general store/hardware/takeaway food/cafe - it is an exciting business which is highly patronized by locals and a growing highway/tourist trade as well as the 150 plus weekend shack owners.Blanchetown is on the edge of the Barossa Valley and is the entry point to the Riverland and is approx 1.5 hours from Adelaide on the interstate highway to Sydney. The town sits proudly on the River Murray.The Region is experiencing unparallelled focus with 4 mega free range chicken farms in the immediate vicinity being constructed bringing long term jobs and population growth to Blanchetown.The buildings is the first on the left on the main street as you enter Blanchetown. the buildings sit on 2 allotments/2 titles provide excellent exposure to every vehicle entering and leaving the township.There is a great opportunity to further develop the site by either buiding 1 or 2 rental homes on the vacant land or placing transportable homes here - for the cost of the homes your investment return will be relatively high because you already own the land.