88-90 Mortlock Terrace, Port Lincoln
INVESTMENT OPPORTUNITY WITH DEVELOPMENT POTENTIAL
88 and 90 MORTLOCK TCE. AND 7 SINCLAIR ST.
4,856 square metres of land fronting Mortlock Terrace and Sinclair Street, Port Lincoln.
Ideal site for future retail development (subject to council approval)
Currently on 3 separate titles with 4 rental properties.
Returning rental income of $585 per week (approximately $30,000 per annum) from three homes and self contained flat.
Vendor currently using the large shed and would be prepared to negotiate renting back from purchaser.
This is a rare opportunity to purchase a larger piece of land on Mortlock Terrace which would appear to be a future retail growth area, with the added advantage of immediate rental return from existing dwellings.
Get to know Port Lincoln
Port Lincoln is a city on the lower Eyre Peninsula in the Australian state of South Australia. It is situated on the shore of Boston Bay, which opens eastward into Spencer Gulf. It is the largest city in the West Coast region, and is located approximately 280 km (straight line – 646 km by road) from the State's capital city of Adelaide.
Contact
- Steve Kemp
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