301/102-105 North Terrace, Adelaide

Property ID: 1P0234

$285,000 - $295,000
  1   1
Type
Apartment
Contract
For Sale
Building Size
7 sqm
 

The place to be!

Situated on the vibrant tree lined boulevard of Adelaide with everything the city has to offer right at your doorstep, this spacious apartment offers an excellent opportunity to invest or live in and enjoy an exciting, no maintenance lifestyle.

A one minute walk directly across North Terrace will take you to the revitalised River Torrens Precinct, redeveloped Adelaide Oval, Adelaide Convention Centre, Festival Theatre and Adelaide Casino.

Another huge advantage of this prime location is the close proximity to the new Royal Adelaide Hospital due for completion in 2017, South Australian Health and Medical Research Institute (SAHMRI), South Australian Health and Biomedical Precinct (SAHBP) and the Uni SA Health Innovation Building (HIB).

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.

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 $374.00 per week after management and cleaning fees.

**Apartments purchased for investment purposes only and leased on a short term basis as a serviced apartment are eligible for Stamp Duty Exemption (Subject to Revnue SA Approval). For further information please go to the RevenueSA website - Stamp Duty on Transfer of Real Property (Land).**

Inside the apartment offers spacious living with great flow throughout. The open plan living and dining areas are perfect for entertaining guests and everyday living with direct access to the generous balcony. The fully contained kitchen is well appointed with solid Caesar Stone benchtops, island bench, dishwasher and quality fixtures and fittings.

The large bedroom features frosted windows to allow in natural light, built in robes and direct access to the two way bathroom and a European style laundry with a washer/dryer.

Further features include ducted reverse cycle air conditioning, a European style laundry with a washer/dryer, excellent security with 24 hour reception, video intercom and a swipe card system to allow access to all parts of the building.

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.

Enquire now!

Property Information:

Council Rates: $388.00 per quarter (approx.)

Community Rates:
Admin: $833.00 per quarter (approx.)
Sinking: $0.00 per quarter (approx.)

Features

-Built-In Wardrobes
-Pool
-Intercom