1009/91 - 96 North Terrace, Adelaide SA 5000

Situated in this ever expanding city location this fantastic deluxe apartment has it all! This privately owned, you may choose to 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 $1,906.57 per month after management fees. This is return is not based on occupancy and is paid to you each month regardless of occupancy.

Along with the excellent returns there is also high future capital growth potential with the developments of the River Torrens Precinct, redeveloped Adelaide Oval, Convention Centre, Sky City Casino, Festival Theatre,
South Australian Health and Research Centre and the new Royal Adelaide Hospital.

Situated on the 10th floor the apartment boasts a generous balcony with stunning views over the city, Adelaide Hills and sunsets over the ocean. Recently refurbished with new carpet, paint and a tasteful furniture package provided by the Oaks.

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.

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.

Currently in the process of being revamped, 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.

Located directly next door in Secure Parking, car parks may also be purchased on a separate title for $40,000 or leased from $60 per week.

Be the first to inspect this excellent opportunity.

Council Rates: $330.00 per quarter (approx.)
SA Water Rates: $204.00 per quarter (approx.)
Body Corporate Rates: $811.00 per quarter (approx)