Perfectly positioned in Adelaide's vibrant West End, this furnished studio apartment offers an excellent opportunity for investors, parents seeking secure student housing, or owner-occupiers looking for a low-maintenance lifestyle.
Currently under management by UniLodge, the property benefits from high occupancy rates and delivers a strong rental return of $1,175 per month after management fees. For those looking to make this apartment their home, owner-occupiers can take possession with just three months' written notice, aligned with the middle or end of a university semester.
The location is ideal, with the University of South Australia, Adelaide University, TAFE, and the Adelaide Health and Medical Sciences precinct all within easy walking distance. The Riverbank Precinct-home to Adelaide Oval, the Convention Centre, the Festival Theatre, and Adelaide Casino-is just a short stroll away. Nearby, residents can also enjoy the buzzing restaurant and shopping scenes along Gouger Street, Adelaide Central Market, and Rundle Mall. Public transport, including trams, buses, and trains, is conveniently accessible, ensuring seamless connectivity throughout the city.
Inside the apartment features an open plan living, dining and sleeping space complimented with high ceilings, a well-equipped kitchenette and a built-in study desk with shelving make working or studying from home easy. The bathroom is excellent size with floor to ceiling tiles. A private east-facing balcony offers peaceful city views, and reverse cycle air conditioning ensures comfort throughout the year.
Residents of the building enjoy a wide range of quality amenities, including 24-hour smart card security, lift access, a communal lounge and games area, a well-appointed shared kitchen, and a laundry room. Dedicated study lounges, a library, a gymnasium, and an outdoor BBQ area further enhance the lifestyle appeal.
Whether you're an investor seeking a secure and high-yielding opportunity, a parent wanting safe and convenient accommodation for a student, or a buyer looking to embrace the simplicity of city living, this apartment offers unbeatable value.
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own inquiries and obtain their own legal advice.
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