Best Offer by 12th November 2009 @ 4pm

Brilliant investment opportunity with solid guaranteed returns plus healthy depreciation benefits. Recently modernised with an $8000 internal upgrade, this serviced apartment in Franklin Central Apartments has been put on the market & priced to be sold quickly.

Extra benefits include;

* Ability to stay in the apartment and cost deducted from the yearly return
* $13,978 rental return pa on a 5 year renewable lease (CPI or agreed increase in rental income in March each year)
* Depreciation on $8000 refurbishment & approximately $1300 on plant and capital allowances
* $1,911 building write off allowance per annum
* Reception open from 7am -11pm
* New caf in foyer
* Nestled in quiet lane off Franklin Street (Bentham Street)
* Over 60sqm
* Dishwasher & microwave
* High speed internet
* LCD TV
* Foxtel
* Conference facilities
* Airport 6km
* GPO 100m
* Central Market 100m
* Rundle Mall 400m

This property is proudly marketed by Alexander Ouwens from Brock Harcourts Adelaide. Please call me on 0438 422 975 or email on aouwens@brockharcourts.com.au to arrange an inspection of this home, I will be very happy to provide additional information on this investment opportunity. My experience from both living and working around the CBD is your key to obtaining the right advice needed to make your move or to purchase your investment

Alexander Ouwens, the Adelaide real estate agent and your guarantor of quality service & premier marketing.

General Information:
C/T = 5602 / 391
Council = Adelaide
Council Rates = $ 1105 pa
Strata / Community Fee = $ 1704 pa
SA Water = $ 668 pa
Apmt size = 60m2 approx
Last sold = 14th June 2000 for $165,000