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CHEAP investment property/tax write off, $840- p/a rates, no ongoing costs.

$47,500

  406 Fitzgerald Rd COOBER PEDY SA 5723

Really cheap investment opportunity whilst the local market is flat. Any reasonable offer will be considered. Owners desperate to sell. Brilliantly located solid and well built 2 bedroom home in a lovely quiet area close to shops, hospital and school situated only 2.5klms from town centre. Open plan air conditioned kitchen/dining/lounge room. New carpet and vinyl flooring installed July 2016. New air conditioner installed Nov 2015. Good sized bathroom with a separate toilet. The freehold block is over 1000 square metres in size and is fully fenced with lovely scenic views to the north. The property is situated on a corner block .There is an enclosed outdoor area and storage shed at the rear of the house with direct walk through access to the undercover parking area. There is plenty of room for additional buildings on the block. The property is situated in a quiet part of town. Mining and exploration in the area is ongoing. The gold/copper mine 100klm’s down the road is still operating and employing a number of locals. Tourism in the town is a major factor with the 3 caravan parks and numerous motels/B & B’s always booked out for 9 months of the year. Opal mining plays an important part in drawing the tourists into town and is still employing locals. Most people in town are involved in the opal mining industry in some way. Coober Pedy is also a major hub for government workers (hospital, mines department, TAFE, school, police, Housing SA to name a few). Although currently vacant, the weekly investment return is excellent at $125- per week. Yearly costs are minimal (rates $650- p/a, emergency services levy $60- p/a). The owners are unfortunately only selling because of personal property settlements and interstate moves.

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