1505/91 - 97 North Terrace, Adelaide SA 5000

This stunning executive apartment has it all! Situated in this ever expanding CBD location you may 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 $2,002.45 per month after management fees. This is return is not based on occupancy and is paid to you each month.

Along with the excellent returns this prime location boasts high capital growth potential with the developments along the River Torrens, Adelaide Oval, Convention Centre, Sky City Casino, Festival Theatre and the new medical precinct all within walking distance.

Situated on the 15th floor the apartment boasts north facing views over Adelaide Oval, North Terrace and the River Torrens and south facing views over the city and the Adelaide Hills.

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 and a large spa bath.

Further features include a European style laundry with a washing machine, ducted reverse cycle air conditioning, excellent security with a swipe card system, video intercom and 24 hour reception in the newly refurbished foyer.

The complex also provides free access to the revamped resort style facilities complete with indoor heated lap pool, spa, sauna, and gym.
All of these excellent luxuries are maintained through the community fees.

Be the first to inspect this excellent opportunity.

Council Rates: $1,551.25 per annum (approx.)

SA Water Rates: $132.80 per quarter (approx.)

Community Rates
Admin Fund: $733.00 per quarter (approx.)
Sinking Fund: $236.00 per quarter (approx.)