Secure Investment – Above 5% Net Rental Yield!

Adjacent the redeveloped Adelaide Oval, River Torrens and the world class Medical Precinct, this spacious apartment boasts an amazing city lifestyle or a prime investment opportunity with an exceptional rental return of $2,566.11 per month ($30,793.32 per annum).

Currently managed through the Oaks Hotels and Resorts which is now a division on the global Minor Hotel Group.

Apartments purchased for commercial purposes are also eligible for Stamp Duty Concession. For further information please go to the RevenueSA website – Stamp Duty on Transfer of Real Property (Land).

Completely renovated throughout, there is nothing left to do but sit back and reap the rewards as a viable investment property or straight in and enjoy life.

The location is arguably the best in town with further attractions at your doorstep. Directly across the road you’ll find the Adelaide Convention Centre, Sky City Casino, Festival Plaza and Adelaide Train Station.

Approximately 500 metres away from the Medical Precinct consisting of the new Royal Adelaide Hospital (RAH), South Australian Health and Medical Research Institute (SAHMRI), South Australian Health and Biomedical Precinct (SAHBP), Uni SA Health Innovation Building (HIB) and the Adelaide Health and Medical Sciences Building (AHMS).

First Class restaurants and bars are just a short walk away with gourmet shopping at nearby Central Markets and Gouger Street. Adelaide University, University SA and TAFE are all very close with secondary education zoning for Adelaide High School and the new Botanic Adelaide High School.

Transport options easily accessible with the tram, Adelaide Train Station and major bus stops only a minute away.

Inside the apartment is spacious and appealing with modern decor, neutral colour schemes and light filled open plan living and dining. This flows through to the generous balcony boasting stunning views over the West End, North Terrace and the Medical Precinct. External louvers have also been fitted for extra privacy and weather protection.

The kitchen is very well equipped with solid granite bench tops, stainless steel dishwasher and Smeg cooking appliances with an electric oven and 4 burner gas cook top. There are two good size bedrooms both with built in robes, the main with west facing views and direct access to the balcony complete with sliding louvers for extra privacy.

Further features include ducted reverse cycle air conditioning, European style laundry complete with a washer/dryer and excellent security with a swipe card system, video intercom, 24 hour reception in the foyer and a secure car park with direct access from the lifts straight to your floor.

If you work in the city or just love going to Adelaide Oval for the range of sporting events, choose to lease the apartment and use the car park yourself.

The complex also offers everyday free use of the extensive facilities, all which are maintained through the community rates. Keep fit with the gym and indoor heated lap pool or relax in the spa and sauna.

PROPERTY INFORMATION:

CT: 5859/74

Council Rates: $471.70 per quarter (approx.)

Water Rates: $168.74 per quarter (approx.)

Community Rates
Admin: $872.00 per quarter (approx.)
Sinking: $279.00 per quarter (approx.)

Emergency Services Levy: $442.25 per annum (approx.)