72/21-39 Bentham Street, Adelaide SA 5000

* Offer accepted - property no longer available*

Contact us today for a viewing or to make an offer. Penthouse investment opportunity in 'Franklin Central Apartments' with guaranteed returns, low outgoings, and tax depreciation benefits. The apartment is located on the top floor, with en-suite and balcony. It is fully managed on a secure lease until 2017 (with right to renew to 2022); note that you cannot live in this apartment until the lease runs out.

What we love about this property:

* Boutique apartments with niche clientele, rather than generic high-rise
* 103 sq/m of living space (117 sq/m total)
* Proven long term business and management team
* $30,507.96 per annum on a secure long term lease ($2,542.33 p/month)
* Annual rent increase (CPI or agreed as per lease)
* Depreciation on 2009 refurbishment & plant and capital allowances
* Discounted stay in the hotel
* New cafe in foyer
* Nestled in quiet lane off Franklin Street (Bentham Street)
* Dishwasher & Microwave
* High speed internet
* LCD TV
* Foxtel

A well presented boutique hotel with a great reputation and client base. When comparing investment properties, consider the whether the income is fixed - this property does not rely on pooled occupancy revenue for your income.

Please call or enquire to arrange an inspection - out of respect for hotel operations, weekday lunchtimes are ideal and allow management to continue to generate revenue.

Outgoings:
Council $1,142 per annum
SA Water $268 per quarter
ESL $TBA per annum
Body Corporate $992 per quarter

*Note that you must seek your own specific advice in relation to tax benefits and depreciation schedules.
* Note photos and floor plan are of almost identical 'mirror image' apartment.