This tightly held property is currently leased on a long term basis by the Pacific International Group and is trading as the Pacific International Apartments – on Frome.

These two bedroom apartments offer a fixed return with annual adjustments for the term of the lease which is on a 5 year plus 5 year option.

Being just a short stroll to Rundle Mall, the city’s central business district, Hutt Street precinct, theatre and casino should ensure that this successful business will continue. Further information can be sourced on their website www.pacificinthotels.com/adelaide/frome

Parking is included with some of the apartments.

The apartments return over 5% net with some depreciation allowances plus capital gain. There are no property management costs.