23 King Street, Pennington, SA 5013

This really is a unique opportunity to acquire a beautifully renovated home in the wonderful location of Pennington.

23 King St sits on a corner block with unique rear access and the possibility to convert this charming period home into 2 (as was done by the current owner).

Do you want great rental income while enjoying part of this stylishly presented home? Or even just rent out the complete home and reap an amazing 6.5% - 7% return - almost unheard of in Adelaide, or indeed Australia..

How about a genuine granny annexe but with a secure passage door opening up the house into one? Those with teenage and uni - attending children will love this layout with dual bathrooms and kitchens (all renovated) and private entrances for each property. And of course families will really appreciate both the attractive decor and lovely rear open plan living with dual French windows allowing gorgeous sunlight to flow in - mornings with a coffee under the alfresco will be bliss.

As for the location... the shopping heaven of Arndale is just 5 minutes' drive away along with its cinema complex, and ethnic cafes and restaurants abound, along with multiple transport links (bus and train) into the city - perfect for students attending uni. Pennington Primary school is literally around the corner as is the substantial Pennington Reserve where kids can roam free and let off steam.

All in all this is just a great find in a rapidly developing suburb. Proximity to both the Port and City, transport, shops and multiple quality schools are all here along with probably the best rental return I have seen in Adelaide.

Specifications:
CT / 6064/45
Council / City of Charles Sturt
Zoning / R'16
Built / 1952
Land / 448m2

The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. Should this property be scheduled for auction the vendor's statement may be inspected at any Harris Real Estate office - for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.