125/16 Holdfast Promenade, Glenelg SA 5045

With its Northerly Aspect and Huge Balcony this spacious 1 bedroom apartment enjoys a unique position within the Pier Hotel Building.

You can entertain your guests or just relax with your feet up and a glass of wine on the 40 square metres of outdoor space. Enjoy the winter sun and soak up the beautiful views of both the surf and the sand as well as the Moseley Reserve and the Patawalonga Marina.

THIS ONE IS DIFFERENT from all the rest. It comes with a car park and has an EQUIVALENT BUILDING AREA OF 85 sqm. The bedroom has access to the balcony and the kitchen has a mobile island bench unit. The bathroom has a full size bath plus a separate shower recess.

On the floor above you can enjoy the communal heated swimming pool as well as the spa and gymnasium. On the ground floor are the Restaurants, bars, function rooms and gaming facility. It's all here, for your convenience and enjoyment.

PLENTY OF CHOICES. You can reside here permanently in perpetual holiday mode or just visit in the summer months and lease it back to the Oaks Groups for the rest of the year. Your income can be fixed and guaranteed or alternatively variable, depending on the occupancy rate of the apartment.

Recent gross income from the Oaks has been $53,000 approx. for 2018/2019. This is a UNIQUE INVESTMENT OPPORTUNITY. Huge returns from a secure real estate investment.

The apartment comes FULLY FURNISHED including appliances and decorator items. It is CURRENTLY LEASED TO THE OAKS GROUP with no fixed term (3 months' notice required to vary).

Please phone for an appointment.