Property ID: 5549510

1511/102-105 North Terrace Adelaide SA

$395,000 - $415,000
  • 2
  • 1
  • Apartment
  • For Sale
Prime Investment Opportunity.
Move straight in and enjoy all the advantages of no maintenance living in this fantastic location or reap the rewards of the viable rental returns on offer through a choice of reputable management companies.

Currently tenanted through the Oaks Hotels and Resorts with a 50/50 return based on occupancy. Please note this return is temporary due to COVID-19 and should return by September/October to the guaranteed rental return scheme. Previously leased to the Oaks Hotels and Resorts for a guaranteed rental return of $2,426.88 per month.

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).

The flexibility also allows you to manage the apartment yourself on a short term basis through companies such as Airbnb and Stayz or sit back and let one the reputable companies take care of it for you.

The location is fantastic, directly opposite the iconic Adelaide Oval, Convention Centre and the exciting River Torrens Precinct. Located less than 500 metres away is the expansive Medical Precinct consisting of the new Royal Adelaide Hospital (RAH) NOW OPEN, 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. Transport options easily accessible with the tram, Adelaide Train Station and major bus stops only a minute away.

This deluxe two bedroom apartment comes well equipped with a wide entrance hallway leading you through the apartment to the open plan living and dining
hosting stunning views over the city, Adelaide Hills and sunsets over the ocean.

The two bedrooms are both excellent size with views over the sparkling city lights, the main bedroom with direct access to the huge two-way bathroom with separate spa bath and shower.

Further features include a fully contained kitchen, European Style laundry in the bathroom, ducted reverse cycle air conditioning and excellent security with 24 hour reception, video intercom and a swipe card system to allow access to all parts of the building. Accessing Foxtel and the internet is also made easy with data cable throughout.

Guests and owner occupiers are also welcome to the use of the facilities with an indoor heated lap pool, spa, sauna, plunge pool and gym.

Located in the adjacent Secure Car Park, car parks may also be purchased on a separate title for $35,000 - $40,000.

This is an exciting opportunity to enjoy apartment living in a city location that has so much to offer!

Property Information:

Council Rates: $1,912.00 per annum (approx.)
SA Water Rates: $188.00 per quarter (approx.)
Community Fees: $1,808.00 per quarter (approx.)
Emergency Services Levy: To be advised
Features
  • Intercom
  • Built-In Wardrobes
  • Pool

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