815/96 North Terrace, Adelaide SA 5000

Fantastic investment and live in opportunity!

Whether you are looking live it up and enjoy an exciting city lifestyle as an owner occupier or add this lucrative investment property to your investment portfolio, you need look no further!

Completely refurbished and fully furnished with absolutely everything included, take advantage of the huge choices 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 leased through the Oaks Hotels and Resorts for a guaranteed rental return of $2,210.45 per month ($510.10 per week). This return is not based on occupancy and is paid each month.

**This apartment meets the requirements for stamp Duty Exemption (Subject to Revenue SA Approval). That's a potential saving of over $16,000! ** For further information please go to the Revenue SA website - Stamp Duty on Transfer of Real Property (Land) or contact Toby *

The location is arguably the best in town! Directly opposite the ever-developing River Torrens Precinct just keeps on giving with the iconic 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.

The apartment is positioned on the 8th floor with a western aspect boasting stunning uninterrupted views over the West End, River Torrens, the new Medical Precinct and sunsets over the ocean.

Inside the apartment features open plan living and dining complimented with natural colour schemes and stylish décor. The kitchen is well appointed with solid granite benchtops and stainless steel appliances complete with dishwasher, electric oven and gas cooktop.

Both bedrooms are excellent size with built in robes, the main bedroom with a large picture window framing the amazing views and direct access to the generous balcony complete with sliding louvers providing shade and privacy.

Further features include a European style laundry tucked away in the bathroom, ducted reverse cycle air-conditioning and excellent security with swipe card access, 24 hour reception in the foyer and an intercom that allows guests to your room.

On the 4th floor you'll find the excellent gym equipment, indoor heated lap pool, spa and sauna. All these luxury benefits maintained and serviced through the community rates and are available to you at your leisure.

Car parks may also be purchased from $55,000 in the Care Car Park located directly next door

PROPERTY INFORMATION:
Oaks Managment Fees: $265.41 per month (only applicable if leased to the Oaks)

Council Rates: $2,031.60 per annum (approx.)

Water Rates: $146.55 per quarter (approx.)

Community Rates:
Admin: $799.00 per quarter (approx.)
Sinking : $252.00 per quarter (approx.)

ESL:
Residential: $121.80 annum (approx.)
or
Commercial: $602.45 per annum (approx.)