506/102 - 105 North Terrace, Adelaide SA 5000

Situated in a prime location on the stunning North Terrace adjacent the redeveloped Adelaide Oval, Convention Centre and River Torrens Precinct, this spacious two bedroom apartment offers an
excellent investment property or a perfect city pad.

Everything is happening right in front of you, the redeveloped iconic Adelaide Oval, expansion of the Convention Centre, upgraded Sky City Casino, retail promenade at the Festival Plaza, new Royal Adelaide Hospital, Medical Research Centre and much more can only make this CBD location even better.

Shopping and dining options are endless with Rundle Mall and Gouger Street only a short walk away and further developments along the riverbank still to come. Universities and TAFE are also located within short walking distance while the tram, train station and major bus stops are also located directly in front.

Choose to lease this fully furnished apartment out privately, lease it back to The Oaks Hotels and Resorts for an excellent guaranteed return or live in as an owner occupier and enjoy an exciting low maintenance city lifestyle. Currently leased back to the Oaks for a profitable return of $2,200.02 per month after management fees.

The apartment offers very spacious accommodation with two generous bedrooms both with built in robes, the main bedroom with its own private balcony and direct access to the two way bathroom with a spa bath, separate shower, modern finishes and a European style laundry complete with a washer/dryer.

The generous kitchen features quality fixtures and fittings, plenty of cupboard and bench space and an island/breakfast. This overlooks the light filled living and dining that flows through to the full length balcony overlooking North Terrace.

Further features include ducted reverse cycle air-conditioning for year round comfort and excellent security with video intercom, swipe card system to access all areas, 24 hour reception located in the foyer.

Last but not least are the recently revamped facilities with indoor heated lap pool, spa, sauna, plunge pool and gym. All of these wonderful benefits are maintained through the body corporate rates.

This is an excellent opportunity to invest in one of the CBD's best locations. Live in as an owner occupier and enjoy a low maintenance city lifestyle or take advantage of this prime location and reap the benefits as an investment property, the choice is yours!

PROPERTY INFORMATION:

Council Rates - $344.70 per quarter (approx.)

SA Water Rates - $250.00 per quarter (approx.)

Community Rates
Admin: $1,097.00 per quarter (approx.)
Sinking: $197.00 per quarter (approx.)