160/61 Hindmarsh Square, Adelaide SA 5000

Fully furnished Studio apartment situated on the 7th floor of the 4.5 star Mantra Hotel in Hindmarsh Square

An excellent return and long term investment opportunity is available within a pooled community title investment scheme. The assessable income for the 2016/17 financial year was $16,209 representing an outstanding investment return of 8.3%. Perfect for investors with a self-managed superannuation fund.

Mantra recently completed a refurbishment and the apartment is being sold fully furnished. No need to appoint a managing agent, or concerns relating to loss of income while searching for tenants as Mantra handle all the details and maintenance in conjunction with the Community Corporation.

The room offers a queen sized bed plus built-in robes and a spacious bathroom. There is also a study desk, lounge suite, flat screen television plus fully equipped kitchenette with microwave and fridge. The unit is stylishly decorated and enjoys loads of natural light.

As the new owner, you will benefit from access to 14 nights free accommodation each year (only cleaning fee is charged) at the Mantra Hindmarsh Hotel.

Whether the hotel guests are travelling on business or leisure they will appreciate:

- reverse cycle air conditioning
- 24 hour reception
- room service
- concierge
- laundry facilities
- restaurant, cafe and bar
- gymnasium
- central location close to all the facilities within Adelaide

Specifications:
CT / 5888/904
Council / City of Adelaide
Zoning / CC'13
Built / 2003
Council Rates / $1714.55pa
SA Water / $151.45pq
ES Levy / $284.05pa
Strata Rates / $629.00pq

The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. Should this property be scheduled for auction the vendor's statement may be inspected at 5-9 Rundle Street, Kent Town for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.