“Exciting Investment Opportunity”
This is a wonderful opportunity to invest in Adelaide's most exciting city location. Situated on the iconic North Terrace and directly opposite Adelaide's revitalised Riverbank Entertainment Precinct, how can you go wrong!
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).
Imagine having all of this at your front doorstep - World class sporting and entertainment events at Adelaide Oval, art exhibitions and shows at Adelaide Festival Centre, Adelaide Convention Centre, the upgraded Sky City Casino, Adelaide's newest health and medical centres and of course the landscaped riverbank and surrounding parks.
Universities and TAFE are also located within short walking distance while the tram, train station and major bus stops are also located directly in front. The shopping and dining options are endless with Rundle Mall less than 500 metres away and a short stroll to Gouger Street.
Currently tenanted through the Oaks Hotels and Resorts with a 50/50 return based on occupancy. Please note this return is temporary due to COVID-19 and should return by September/October to the guaranteed rental return scheme. Previously tenanted by the Oaks Hotels and Resorts with a guaranteed rental return of $404.00 per week making it 6.5 - 7.0% yield return!
Situated on the 8th floor, this spacious apartment has been recently refurbished with new carpets, fresh paint job, new window treatments and a tasteful furniture package supplied by the Oaks.
The double bedroom features built in robes and direct access to the two way bathroom complete with a spa bath and shower, modern finishes and a European style laundry complete with a washer/dryer.
The light filled open plan living & dining flows through to the full width balcony where you can sit back and relax while admiring the colourful city lights. The kitchen offers plenty of bench and cupboard space with a breakfast bar, dishwasher and quality fixtures and fittings.
Further features of this lifestyle apartment include ducted reverse cycle air conditioning, easy access to the internet and Foxtel and excellent security with intercom, swipe card access and 24 hour reception in the foyer.
The complex also offers everyday free use of the extensive facilities. Keep fit with the gym and indoor heated lap pool or relax in the spa, sauna and steam room.
Call or email Toby Shipway to arrange an inspection.
Adelaide City Council
Council Rates: $1,228.00 per annum (approx)
SA Water Rates: $196.75 per quarter (approx)
Community Rates: $890.00 per quarter (approx)