Apt 508/53-57 Hindmarsh Square, Adelaide SA 5000

This spacious 5th floor studio apartment in the Mantra Hotel on Hindmarsh Square Adelaide, is an excellent opportunity for the investor to acquire a central city apartment at this entry level price.

The Apartment is fully managed by the Mantra Hotel and represents a worry-free investment opportunity as the apartment is serviced by and let out by Hotel Management.

The apartment is being sold below replacement cost and the last four years income shows a return of over $15,000 p.a. average. With cost deductions the investor is looking at a 7% return.

Owners have the right to use the apartment for 14 days per year for personal occupancy.

For further information and viewing call the agent now