604/102 - 105 North Terrace, Adelaide SA 5000

Fantastic investment and lifestyle opportunity in one of Adelaide's best CBD locations. Directly opposite the exciting River Torrens Precinct with Adelaide Oval, the Convention Centre, Sky City Casino and the Adelaide Festival Centre. 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.

Choose to reap the excellent fuss free rental returns provided through a choice of management companies, lease the apartment out privately or enjoy the city vibe as an owner occupier. Currently managed by La Loft Apartments for a guaranteed income of $1,841.66 per month after management and cleaning fees have been deducted.

The flexibility also allows you to manage the apartment 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.

**Apartments purchased for investment purposes only and leased on a short term basis as a serviced apartment are eligible for Stamp Duty Exemption (Subject to Revnue SA Approval). For further information please go to the RevenueSA website - Stamp Duty on Transfer of Real Property (Land).**

The apartment features a well appointed kitchen adjacent the open plan living and dining with direct access to the full width balcony complimented with the northern aspect and warmth of the winter sun.

The bedroom is great size with built in robes and frosted glass windows and a two-way ensuite complete with modern finishes and spa bath. A rarity in this building is the secure internal car park with swipe card access from the lifts straight to your floor.

Further features include a European style laundry, ducted reverse cycle air conditioning, excellent security, video intercom and 24 hour reception in the foyer. The complex also provides free access to the resort style facilities with the indoor heated lap pool, spa, sauna and gym.

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:

Certificate of Title: Volume 5903 Folio 726

Council: City of Adelaide

Zoning:
Capital City Zone

Council Rates: $1,334.35 per annum (approx.)

SA Water: $160.34 per quarter (approx.)

ESL: $376.50 per annum (approx.)

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

Year Built: 2003