703/96 North Terrace, Adelaide SA 5000

Adjacent the iconic Adelaide Oval and the exciting River Torrens Precinct, this completely refurbished apartment boasts an amazing city lifestyle or a prime investment opportunity offering even further potential with Adelaide's most talked about developments right at your doorstep.

The ever-developing River Torrens Precinct just keeps on giving with the redeveloped Adelaide Oval, Adelaide Convention Centre and the expansive Medical Precinct consisting of the new Royal Adelaide Hospital (RAH), South Australian Health and Medical Research Institute (SAHMRI), South Australian Health and Biomedical Precinct (SAHBP), Uni SA Health Innovation Building (HIB) and the Adelaide Health and Medical Sciences Building (AHMS).

First Class restaurants and bars are just a short walk away with gourmet shopping at nearby Central Markets and Gouger Street. Adelaide University, University SA and TAFE are all very close with secondary education zoning for Adelaide High School. Transport options easily accessible with the tram, Adelaide Train Station and major bus stops only a minute away.

Choose to move straight in and enjoy all the advantages of no maintenance living in this fantastic location, reap the rewards of the viable rental returns on offer through a choice of reputable management companies or manage it yourself on a short term basis through companies such as Airbnb and Stayz.

Currently tenanted through the Oaks Hotels and Resorts with a guaranteed rental return of $1,944.50 per month ($23,334.00 per annum) net after the Oaks have deducted their management and cleaning fees.

**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).**

Inside the apartment offers spacious accommodation and has been completely refurbished throughout. Inside the apartment features a very well equipped kitchen complete with solid granite bench tops, stainless steel dishwasher and cooking appliances with an electric oven and 4 burner gas cook top.

There are two good size bedrooms both with built in robes, the main with east facing views and direct access to the balcony complete with sliding louvers for extra privacy The open plan living and dining is light filled and very spacious also with access through to the balcony.

Further features include ducted reverse cycle air conditioning, European style laundry and excellent security with a swipe card system, video intercom and 24 hour reception in the foyer.

The complex also offers everyday free use of the extensive facilities, all which are maintained through the community rates. Keep fit with the gym and indoor heated lap pool or relax in the spa and sauna.

A car park may also be purchased for $40,000 or leased from $250 per month (approx.)

Enquire now!

PROPERTY INFORMATION:

CT: 5859/62

Area: 71sqm (Approx.)

Council Rates: $1,558.05 per annum (approx.)

Water Rates: $166.85 per quarter (approx.)

ESL: $399.80 per annum (approx.)

Community Rates:
Admin: $754.00 per quarter (approx.)
Sinking: $241.00 per quarter (approx.)