Property ID: 1P1619
1405/91-96 North Terrace ADELAIDE SA
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Apartment
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Sold
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6 sqm
Fantastic investment with 7.5% returns.
This stunning executive apartment has it all! Situated in this ever expanding CBD location you may live in and enjoy an exciting city lifestyle or take advantage of the outstanding rental returns.
Based on a two year management agreement with the Oaks Hotels and Resorts it makes for a very lucrative investment property with a guaranteed rental return of $2,174.00 per month after management fees. This is return is not based on occupancy and is paid to you each month regardless of whether the apartment is leased or not.
Along with the excellent returns there is also high future capital growth potential with the developments along the River Torrens Precinct, Adelaide Oval, Convention Centre, Sky City Casino, Festival Theatre and the new Royal Adelaide Hospital.
Situated on the 14th floor the apartment boasts north facing views over Adelaide Oval, North Terrace and the River Torrens and south facing views over the city and the Adelaide Hills.
Recently refurbished with new carpet, paint and a tasteful furniture package, everything has already done for you and everything you may need is included.
Features of the apartment include bright and light open plan living and dining with neutral colour schemes and excellent decor throughout. The kitchen is very well appointed with solid granite bench tops, quality fixtures and fittings and stainless steel Smeg appliances.
The bedroom is great size with built in robes and frosted glass sliding doors through to the two way ensuite complete with modern finishes and a large spa bath.
Further features include a European style laundry with a washing machine, dryer and basin, ducted reverse cycle air conditioning, excellent security with a swipe card system, video intercom and 24 hour reception in the foyer
The complex also provides free access of the indoor heated lap pool, spa, sauna, steam room, and gym.
All of these excellent luxuries are maintained through the community fees.
Be the first to inspect this excellent opportunity.
Council Rates: $346.45 per quarter (approx.)
SA Water Rates: $166.75 per quarter (approx.)
Body Corporate Rates: $880.00 per quarter (including sinking fund)
Based on a two year management agreement with the Oaks Hotels and Resorts it makes for a very lucrative investment property with a guaranteed rental return of $2,174.00 per month after management fees. This is return is not based on occupancy and is paid to you each month regardless of whether the apartment is leased or not.
Along with the excellent returns there is also high future capital growth potential with the developments along the River Torrens Precinct, Adelaide Oval, Convention Centre, Sky City Casino, Festival Theatre and the new Royal Adelaide Hospital.
Situated on the 14th floor the apartment boasts north facing views over Adelaide Oval, North Terrace and the River Torrens and south facing views over the city and the Adelaide Hills.
Recently refurbished with new carpet, paint and a tasteful furniture package, everything has already done for you and everything you may need is included.
Features of the apartment include bright and light open plan living and dining with neutral colour schemes and excellent decor throughout. The kitchen is very well appointed with solid granite bench tops, quality fixtures and fittings and stainless steel Smeg appliances.
The bedroom is great size with built in robes and frosted glass sliding doors through to the two way ensuite complete with modern finishes and a large spa bath.
Further features include a European style laundry with a washing machine, dryer and basin, ducted reverse cycle air conditioning, excellent security with a swipe card system, video intercom and 24 hour reception in the foyer
The complex also provides free access of the indoor heated lap pool, spa, sauna, steam room, and gym.
All of these excellent luxuries are maintained through the community fees.
Be the first to inspect this excellent opportunity.
Council Rates: $346.45 per quarter (approx.)
SA Water Rates: $166.75 per quarter (approx.)
Body Corporate Rates: $880.00 per quarter (including sinking fund)
Features
- Air Conditioning
- Intercom
- Built-In Wardrobes
- Pool
- Spa
