16 Second Street, Nuriootpa, SA 5355

Here's one to look at adding to your investment portfolio, strategically positioned behind car parking to the main street, this could be one to sit on whilst watching the world of Nuriootpa expand around you over the coming years. With commercial premises to the side & behind, requirements for car parking space on the increase & future growth in the demand for close to main street sites for new businesses, this property is all awash with potential.

Should you wish to continue on in the residential sector for the time being, there's good news in knowing that the property is currently leased until March 2011. The residence is nicely located for tenants looking to be close to all services cutting down the need for a car, ideal for a broad range of occupants, giving you good odds on achieving back to back leases. The circa 1950 rendered Spanish style solid brick home comprises two main bedrooms, sleep-out, sunroom or large third bedroom, bathroom, separate toilet, spacious lounge & kitchen with dining area. The interior is dated, yet in more than reasonable order & very livable, with carpets to bedrooms & living spaces, heating & cooling. Wallpaper removed & washing walls white inside would transform the residence from loud 70's to a more modern feel. Outdoors, improvements include an attached rear verandah, paved & shaded patio area for outdoor living, double garage with concrete floor & small garden shed.

The allotment of 928sqm is well sized & well positioned, a potential jigsaw piece amongst the puzzle of commercial activity surrounding it & possibly a road access point needed in the future to assist in expanding the parking behind the main street shops. Sure there's no crystal ball, however, this position is perfect, loaded with future possibilities & a life beyond residential.