402/242 Flinders Street, Adelaide SA 5000

Located towards the Hutt Street end of Flinders Street, don't miss your opportunity to purchase this secure 2 bedroom apartment in the classy ART building. The apartment is ready for an astute investor.

Offering a luxury city life style, in a supreme location, which is currently rented out for $324.80 per week ($649.60 per fortnight). The apartment would suit an investor as it comes with NRAS government supplement which has a total of $11,192 per year indexed with inflation until 2024.

The potential gross rental return is $16,889.60 per year plus NRAS $11,192.00 equalling a total of $28,040.00 (approx.) per year, or a gross yield on 350000 cost of around 8% per year.

Close to restaurants, cafs, shops, parks and public transport you have it all at your doorstep, along with being only a short distance to quality schools and of course Adelaide University.

Features include:
2 Bedrooms, both with built in robes
The master has its own split system
Spacious light filled living/dining
Stylish modern kitchen with stainless steel appliances
Swish 2 way bathroom
Convenient integrated laundry
Reverse cycle air conditioning
A trendy bathroom with duel access and a large double shower
Spectacular views

Specifications:
Build Size: 72.10m2
Built: 2014
C/T: 6141/424
LGA: Adelaide
Zoning: CC
ESL Rates: $227.00 p/a
SA Water Rates: $862.00 p/a
Body Corp Fee: $2792.00
Council Rates: $298.30 p/q
Current Rent: $324.80 p/w