1002/102 - 105 North Terrace, Adelaide SA 5000

Situated in a prime location on the vibrant North Terrace adjacent the redeveloped Adelaide Oval, Convention Centre and River Torrens Precinct, this spacious two bedroom apartment offers an excellent investment property or a perfect city pad.

Everything is happening right in front of you! The redeveloped Adelaide Oval, expansion of the Convention Centre, upgraded Sky City Casino, retail promenade at the Festival Plaza, 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).

Shopping and dining options are endless with Rundle Mall and Gouger Street only a short walk away and further developments along the riverbank still to come. 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.

Choose to lease this fully furnished apartment out privately, lease it back to The Oaks Hotels and Resorts for an excellent guaranteed return or live in as an owner occupier and enjoy an exciting low maintenance city lifestyle. Currently leased back to the Oaks for an average rental return of $2,200.00 per month.

**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).**

Positioned on the 10th floor in the north-west corner of the Horizons, the apartment offers stunning views over Adelaide Oval, River Torrens and the new Medical Precinct. Inside boasts spacious accommodation with two generous bedrooms both with built in robes and west facing views, the master bedroom with direct access to the two-way bathroom complete with a spa bath, separate shower, modern finishes and a European style laundry complete with a washer/dryer.

The light filled open plan living & dining flows through to the full width north facing balcony where you can sit back and relax as you watch the world go by beneath you. The kitchen is fully equipped with caesarstone bench tops and quality fixtures and fittings.

Further attributes include an internal car park with swipe card access to all areas, ducted reverse cycle air-conditioning for year round comfort and excellent security with video intercom and 24 hour reception located in the foyer.

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.

This is an excellent opportunity to invest in one of the CBD's best locations. Live in as an owner occupier and enjoy a low maintenance city lifestyle or take advantage of this prime location and reap the benefits as an investment property, the choice is yours!

PROPERTY INFORMATION:

Council Rates - $1,286.30 per annum (approx.)

SA Water Rates - $250.00 per quarter (approx.)

Community Rates
Admin: $1,533.00 per quarter (approx.)
Sinking: $275.00 per quarter (approx.)

Emergency Services Levy - $550.00 per annum (approx.)