208A & B/82 Frome Street, Adelaide SA 5000

SOLD BY JOSH EDGAR 0433 233 466

A centrally located, well maintained and versatile property offers the buyer a "set and forget" type investment in a very desired pocket of the CBD. Perfect for first time or seasoned investors alike, a guaranteed increase in rental income each year sets this property apart from many other city properties (lease agreement available upon request.).

This property consists of a highly valuable secure car-space and 2 apartments which can be linked together via a common lobby area or rented out completely separately if the tenants wish to only occupy one side.

The main apartment includes:

2 full bedrooms with built in cupboards.

The master bedroom with a separate west facing balcony and access to the common, dual access south facing balcony.

Central bathroom with corner shower, vanity and WC.

Open plan dining and lounge with access to the balcony.

Air conditioning.

Galley kitchen.

Laundry and linen storage behind concertina doors.

The second apartment includes:

1 open bedroom.

Air conditioning.

A full bathroom with bathtub, corner shower, vanity and WC.

Built in cupboards.

Separate balcony.

Fully furnished and fitted out (inventory available upon request), there is simply nothing to do other than collect the rent and watch your money grow.

Further details upon request

Strata Rates: $2400 per quarter
Water Rates: $1138 per annum
Council Rates: $1,964 per annum
Rental Income $2,849.29 per month. Indexed annually with CPI or 4%, whichever is the lesser. (Refer to the lease for full terms and conditions)