8/85 Kensington Road, Norwood SA 5067

Fully updated and set to impress, this two bedroom apartment in a very sought after suburb will be the crown jewel in your property portfolio! Currently utilised as a short term fully furnished lease and seeing a gross return of approximately 8.7% (5.8% net), this one makes a great city weekender and delivers numbers the accountant will be pleased with!

Spacious living, beautifully renovated kitchen, large modernised bathroom, reverse cycle air conditioning, and a new standalone carport. For those wishing to take in the view there is a balcony on which to relax and unwind with a glass or two.

Located securely at the back of the group it is within walking distance to the Adelaide CBD and the fantastic shopping precinct on Norwood Parade. With transport links also close by, you can easily visit a multitude of award winning restaurants and cafe's or indulge in a bit of retail therapy.

Suitable for investors or those just wanting an easy care life close to the city this one is a must see.

2018/2019 | $28,947 gross | $19,234 net | 90.95% occupancy rate

2017/2018 | $30,337 gross | $21,504 net |

Contact us today further financial and forward booking details.

Specifications:

CT / 5000 / 195

Council / City of Norwood Payneham & St Peters

Zoning / MU(B)- Mixed Use N8.1-Kensington Road

Built / 1970

Strata / $500 p/q approx.

All floor plans, photos and text are for illustration purposes only and are not intended to be part of any contract. All measurements are approximate and details intended to be relied upon should be independently verified. (RLA 222182)