39/82-88 King William Street, Adelaide SA 5000

" Positively geared investment. "
Two bedroom furnished apartment with two bathrooms. Located on the fifth level in an Adelaide icon building on the corner of Grenfell and King William Streets. A secure hassle free, positive investment opportunity in the heart of the CBD.
Long lease in place with 4% increase per annum until 2022.
Current rental is $35,689.83 per annum.
Ideal for self managed super funds or long term investors, with a gross yield of 9.6% and a net yield after outgoings of 6.6%.
Next rental increase is 1 November 2015.