121/227 North Terrace, Adelaide SA 5000

Phone enquiry code for this property: 3878

One of the most highly sought boutique apartments in Adelaide:

* Available to occupy immediately. One of the few that have been privately owned and occupied in by the vendor.
* Superior condition compared to adjacent units - owned by vendor and cared for.
* Located on level 12, only one is utterly quiet. The solid construction of the building also results in no noise between adjacent occupants, as other cheaper city apartments often endure.
* The furniture in photos included: Bed and mattress, interior and balcony tables and chairs, kitchen utensils, fridge, washer and dryer, microwave, washing machine.
* Inverter heating and cooling.
* Wide window and balcony directly overlooks the cultural centre of Adelaide - the Art Gallery, State Library, State Museum and Elder Hall - and within seconds to all the commercial conveniences.
* If you don't want to occupy this gem, the current rental rate is $390 per week (occupants on identical floors above and below) leading to a gross yield of 7%. This rental yield can be increased, if maximising yield is the goal, by re-structuring the apartment with 2 bedrooms, as adjacent apartments with the same floor space. The vendor has occupied the apartment in the present studio form for the last 5 years.
* The lift is commercial grade so you can move large items if you need.
* Wonderful positioning only metres to the University of Adelaide, State Library, Museum and the business and shopping district of Adelaide.
* The adjacent highly secure U-Park makes it easy for friends and visitors and you can also lease a parking space there, as the previous owner had done ($300 per month).

Approximate Quarterly Outgoings:
Administration Fund : $1056
Sinking Fund: $55
Council Rates: $285
SA Water: $173

Phone enquiry code for this property: 3878