Property ID: 5551975

515/185 Morphett Street Adelaide SA

$240,000 - $260,000
  • 1
  • 1
  • Apartment
  • For Sale
  • 57 sqm
Great investment or live in opportunity.
Located in the vibrant West End City Precinct, this spacious one bedroom apartment offers an exciting cosmopolitan lifestyle or an excellent no maintenance investment opportunity.

Choose to take advantage of the fuss free returns through the Oaks Hotels and Resorts, lease the apartment out privately or enjoy an exciting urban lifestyle in a fantastic city location.

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. $1,389.72 per month after the Oaks have deducted their management and cleaning fees.

The location is perfect with everything the city has on offer right at your doorstep. A huge choice of first class dining and is only a few minutes' walk away along Gouger Street and an abundance of gourmet shopping at the Central Markets. Further attractions nearby include the River Torrens Precinct, Adelaide Oval, Convention Centre, Adelaide Casino and the new Medical Precinct just to name a few.

Inside the apartment offers a generous bedroom with built in robes and a frosted glass windows to allow in natural light. The generous bathroom features floor to ceiling tiles and quality fixtures and fittings with a modern finishes.

The large light filled living and dining flows through to the full width balcony which converts to an all-weather sun room with toughened Bi-fold glass windows. A perfect space for entertaining guests or just enjoying the east facing views over Morphett Street and north views of Light Square. The kitchen is well equipped with solid bench tops and stainless steel appliances.

Further features of this very appealing apartment include reverse cycle a/c, European style laundry and excellent security with a restricted card access system, intercom and 24 hour reception located in the ground floor reception.

Located on the 6th floor in the adjacent Altitude building, all residents are welcome to the use of the indoor heated lap pool, spa, sauna and steam room.

This is excellent value for money in such a prime city location. Don't miss out on this exciting opportunity!

Property Information:

Certificate of Title: Volume 6035 Folio 998

Council: City of Adelaide

Zoning – Capital City Zone

Year Built: 2009

Community Fees
Admin Fund: $907.00 per quarter (approx.)
Sinking Fund: $152.00 per quarter (approx.)

Council Rates: $1,543.15 per annum (approx.)

Water Rates: $216.44 per quarter (approx.)

Emergency Services Levy: $180.40 per annum (approx.)
Features
  • Air Conditioning
  • Intercom
  • Built-In Wardrobes
  • Close to Schools
  • Close to Shops
  • Close to Transport
  • Security Access

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