402/96 North Terrace, Adelaide SA 5000

Prime investment and/or live in opportunity.

This spacious north facing apartment has it all! Whether you're looking for an exciting city lifestyle or a viable investment property in this highly sought-after city location, you need look no further!

Manage it yourself on a short-term basis through companies such as Airbnb and Stayz or sit back and let one the reputable companies take care of it for you. Currently returning a guaranteed income through the Oaks Hotels and Resorts of $1,856.47 per month ($22,277.64 per annum).

This location speaks for itself with the iconic Adelaide Oval, River Torrens Precinct and Adelaide's ground-breaking Medical Precinct at your doorstep. There is a huge choice of education facilities nearby, less than 500 metres away you'll find the University of Adelaide's medical and health sciences building and UniSA's City West campus, Health and Medical Clinic.

Transport options easily accessible with the tram, Adelaide Train Station and major bus stops right at your doorstep. All within a short walk you'll find first class restaurants, great shopping, the Adelaide Casino, The Entertainment Centre, Festival Theatre, Adelaide Convention Centre, Rundle Mall and the new Royal Adelaide Hospital.

Positioned on the 4th floor in the north-eastern corner of the Embassy, the apartment features bright and light open plan living and dining with neutral colour schemes and appealing décor throughout. This flows through to the north facing balcony with wonderful views over North Terrace plus sliding louvers for added privacy. The kitchen is well appointed with solid granite bench tops, quality fixtures and fittings and stainless steel appliances.

The double bedroom is great size with built in robes and north facing floor to ceiling windows. Further features include ducted reverse cycle air conditioning, European style laundry complete with a washing machine and dryer, excellent security with a swipe card system, video intercom and 24-hour reception in the foyer.

The complex also provides free use of the recently revamped resort style facilities with indoor heated pool, spa, sauna and well equipped gym.

Located in the neighbouring Care Park, choose to use the car park for your own personal use or add it to your investment. Currently returning $322.15 per month ($3,865.80 per annum). That's approximately 6.22% net yield return to add to the already amazing return for the apartment.

Don't miss out on your opportunity to inspect this excellent lifestyle apartment.

PROPERTY INFORMATION:

Oaks Management: $224.05 per month (approx.) - Only applicable if leased to the Oaks.

Council Rates: $1,801.00 per annum (approx.)

SA Water Rates: $146.45 per quarter (approx.)

Community Rates
Admin: $670.00 per quarter (approx.)
Sinking: $214.00 per quarter (approx.)

Emergency Services Levy: $401.70 per annum (approx.)

CAR PARK OUTGOINGS:

Council Rates: $243.10 per annum (approx.)

SA Water Rates: – $54.35 per quarter (Paid by Care Car Park)

Community Rates
Admin: $178.00 per quarter (Paid by Care Car Park)
Sinking: $24.00 per quarter (approx.

Emergency Services Levy: $105.35 per annum (approx.)