Main view of Homely apartment listing, 106/88 Frome Street, Adelaide SA 5000
Second view of Homely apartment listing, 106/88 Frome Street, Adelaide SA 5000
Floorplan of Homely apartment listing, 106/88 Frome Street, Adelaide SA 5000
Third view of Homely apartment listing, 106/88 Frome Street, Adelaide SA 5000
Fourth view of Homely apartment listing, 106/88 Frome Street, Adelaide SA 5000
+5

106/88 Frome Street, Adelaide SA 5000

$360,000

2 Bed  •  1 Bath  •  0 Car

Next inspection:

Property type: Apartment for sale

Apartment description

“Very High Net Returns of 7.8% gross / 5.5% net approx!!!!”

Proven to out-perform other residential investments and even some of the big banks term deposits, this hassle-free, set & forget investment offers a lucrative and unique opportunity.

Currently used as part of the Mantra on Frome Hotel, this apartment has a current lease agreement until 31/12/2020 which will achieve a gross yield of 7.8% approx. and a net yield or 5.5% approx. (gross income of $28,355.28).

Property features:

• Two bedrooms with neutral décor, carpet and built in robes.
• Bathroom with WC, vanity, large corner shower, feature tiling
• Open plan living
• Full tiled kitchen with dishwasher, sink, under bench and overhead cabinetry, oven,
cooktop, range hood microwave and fridge.
• Split system air conditioning
• Balcony
• Fully furnished

CT / Vol.5878 / Fol.10
Year built / 2000
Equivalent Building Area / TBA
Council Rates / $1,715.40pa (supplied by vendor)
Water & Sewer / $653.64 pa (supplied by vendor)
ESL / $388.15pa (supplied by vendor)
Strata Fees / $5,390pa (supplied by vendor)
Community Title
Council / Adelaide
Zoning / CC

Speak to TURNER Property Management about managing this property
#expectmore


Josh Edgar 0433 233 466

Property features

Air Conditioning

Balcony

Dishwasher

Living Areas: 1

Toilets: 1

What’s around Frome Street

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Josh Edgar

Turner Real Estate - Adelaide

Josh Edgar

Turner Real Estate - Adelaide

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Fifth view of Homely apartment listing, 106/88 Frome Street, Adelaide SA 5000
Sixth view of Homely apartment listing, 106/88 Frome Street, Adelaide SA 5000

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$360,000

2 Bed  •  1 Bath  •  0 Car