Positioned in the north-east corner on the 8th floor of the Embassy Apartments, this spacious two bedroom apartment offers an exceptional opportunity for both investors and owner occupiers. Move in and enjoy exciting yet low maintenance living at its best or take advantage of the huge rental options available.
Manage it 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. Currently returning a guaranteed income through the Oaks Hotels and Resorts of $2,147.67 per month ($25,772.04 per annum) after management, cleaning and administration fees.
Apartments purchased for commercial purposes are also eligible for Stamp Duty Concession. For further information please go to the RevenueSA website - Stamp Duty on Transfer of Real Property (Land).
This city location is second to none with the iconic redeveloped Adelaide Oval, River Torrens Precinct and Adelaide's groundbreaking Medical Precinct at your doorstep. There is a huge choice of education facilities nearby, 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. Transport options easily accessible with the tram, Adelaide Train Station and major bus stops right at your doorstep.
All within a short walk you'll find first class restaurants, great shopping, the Adelaide Casino, The Entertainment Centre, Festival Theatre, Adelaide Convention Centre, Rundle Mall and the new Royal Adelaide Hospital.
Step inside and you'll be immediately impressed with the extensive use of panoramic glass windows framing the stunning north facing views of Adelaide Oval, North Terrace and the surrounding attractions.The open plan living and dining is light filled with neutral colour schemes and modern decor throughout. There are two balconies, the main positioned in the north-east corner of the apartment is excellent size and perfect for entertaining, enjoy a coffee in the morning sun or just admiring the amazing views.
The kitchen is very well appointed with solid granite bench tops, quality fixtures and fittings and stainless steel Smeg appliances. Both bedrooms are very generous with king beds, built in robes and the bathroom conveniently located between them.
Further attributes include a European style laundry with a washing machine, dryer and basin, ducted reverse cycle air conditioning, excellent security with a swipe card system, video intercom and 24 hour reception in the foyer.
The complex also provides free access of the indoor heated lap pool, spa, sauna and gym.
All of these excellent luxuries are maintained through the community fees. Car parks may also be purchased on a separate title for $35,000 - $40,000.
Don't miss the opportunity to reside in luxury in the ever expanding city of Adelaide.
PROPERTY INFORMATION:
Council Rates: $1,753.95 per annum (approx.)
SA Water Rates: $190.00 per quarter (approx.)
Community Rates:
Admin: $955.00 per quarter(approx.)
Sinking: $305.00 per quarter (approx.)
Emergency Services Levy: $450.00 per annum (approx.)
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