lot 371 Forresters Road, Hallett Cove, SA 5158

This property currently in use by the Hallett Cove East Primary School represents an opportunity to obtain a complete Torrens Title property with a triple AAA rated lease investment with the South Australian Government!
The current 5 year lease of $30,813 per year is indexed to CPI.
Excellent return of $2,567.72 per month.
Likelihood of further 5 year lease extension in 2020.
Property maintenance, water rates and insurance borne by the Department.
Torrens title property in local residential zone and situated on approx 817sqm. The property could be reconfigured into a normal family home once it has completed its service as a classroom facility.
The interior is currently utilized with 2 large bathrooms. 2WCs, uniform shop and storage area and two learning areas.
The exterior of the building has front and side verandahs and an extensively paved rear yard plus single carport under the main roof.
A investment worthy of a A grade with potential for other uses in the future!