Lot 367 Forresters Road, Hallett Cove, SA 5158

Schools in houses is a collection of four bedroom homes contained within a school on their own torrens titled allotments giving the Education Dept the ability to return the houses to normal residential property when they are finished with the school. This four bedroom home is contained within the Hallett Cove East Primary School and is utilised as the school administration block. Currently leased to DECD at a rate of $1989.90 per month, leased until August 2020 with a further five year option. The maintenance is handled by the govt and the council rates are 75% subsidised. The school is full and there is every indication that the lease will continue a lot longer. SMSF's are amongst the owners of these properties and they appear to fit the criteria well. You should consult your accountant to determine if it is suitable to your situation. A secure long term stable investment with no vacancies. A settlement after 30 June 2017 is desired.