Property ID: 6702006

1707/104 North Terrace Adelaide SA

$760,000 - $820,000
  • 2
  • 2
  • 2
  • Apartment
  • For Sale
  • 135 sqm
  • 2
Exclusive Penthouse Living in the heart of Adelaide.
Perfectly located directly opposite the exciting Riverbank Precinct, this spacious Penthouse Apartment offer spacious living with an amazing lifestyle to go with it. Positioned on the 17th/top floor you'll be wowed by the stunning views over the city lights, the Adelaide Hills skyline, sunsets over the ocean and north facing glimpses of the River Torrens.

Whether you are looking to live in or for a viable investment, this apartment ticks all the boxes. Choose to lease back to the Oaks Hotels and Resorts for a fuss free return, lease it on a standard tenancy agreement or be a bit more adventurous and manage it yourself through Airbnb, Booking.com, Stayz etc..

Currently tenanted through the Oaks Hotels and Resorts with a guaranteed rental return of $629.65 per week ($2,728.58 per month). *Please note this rent is the COVID affected return and is set to increase once the occupancy rates do.

**This apartment is also applicable for Stamp Duty Exemption (Subject to Revenue SA Approval). For further information please go to the RevenueSA website - Stamp Duty on Transfer of Real Property (Land)** That's a saving of approximately $36,000!

This CBD location is just fantastic! Directly across the road is the Riverbank Precinct with Adelaide Oval, the Festival Theatre, and the Adelaide Convention Centre and only a few hundred metres away you'll find the expansive 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 Adelaide Botanic High School.

Inside the apartment boasts a huge living area with floor to ceiling windows framing the panoramic views from every aspect. The kitchen is very well appointed and appealing with stainless steel appliances and solid bench tops overlooking the separate dining area and those stunning views.

There are 2 excellent size bedrooms both with built in robes, the main bedroom with fantastic views and a luxurious esnuite complete with dual basins and a spa bath. The second bathroom also with a spa bath is conveniently located for entertaining guests and family living.

A very rare attribute with city living, this apartment also features 2 internal side-by-side car parks with direct access from the car park via the swipe card activated lift straight to your floor.

The apartment further includes a European style laundry complete with a washer/dryer, ducted reverse cycle air conditioning, video intercom, 24 hour reception, pay TV and internet access with data cable throughout the building.

Stay fit and healthy with the excellent resort style facilities consisting of a heated lap pool, spa, sauna and gym. All maintained through the community rates.

Act quick to secure this wonderful lifestyle apartment in Adelaide's most enviable city location!

PROPERTY INFORMATION:

OAKS MANAGEMENT FEES:
- Property Management Fee - $214.43 per month (approx.)
- RTA Administration - $7.13 per month (approx.)
- RTA Advertising Fee -$54.15 per month (approx.)

Council Rates: $2,500.00 per annum (approx.)

Water Rates: $220.00 per quarter (approx.)

Community Rates: $2,904.00 per quarter (approx.)

ESL:
- Commercial Property - $1031.45 per annum (approx.)
- Residential Property - $187.40 per annum (approx.)

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