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24/45 King William Road

North Adelaide SA 5006

1
1
1
Apartment
Currently for sale - view listing

Overview

A Smart Investment in the Landmark Greenways Complex

Securely leased until October 2032 Team 888 is proud to present this exceptional unit to the market. For all enquiries, please contact Caleb on 0419 815 895 or Vincent on 0431 099 188. Set within the iconic Greenways complex, this apartment is leased back to Greenways Serviced Apartments under a 5 + 5 year lease, with the initial five year term commencing in 2022. The property currently returns $368.36 per week, with CPI increases applicable, offering investors a low-stress, high certainty income stream. Unlike a typical residential investment, this opportunity delivers nil vacancy, with income secured 52 weeks of the year, and no management fees, no letting fees, and no basic maintenance costs. The apartment features one generously sized bedroom plus a separate sleep out room, both filled with natural light. The spacious kitchen offers ample storage, while the impressive bathroom is finished with floor to ceiling tiles, a semi frameless shower screen, and a freestanding vanity. Neutral décor and split system air conditioning ensure year round comfort. The apartment also includes a sought after and value adding allocated off street carpark. This property is ideal for superannuation buyers, first time cashed up investors seeking a low touch, low stress investment, or as a smart addition to an existing portfolio. Located in North Adelaide, you'll enjoy not only secure long term income but also peace of mind, knowing your investment is well looked after in a tightly held CBD fringe location with strong capital growth potential. Private inspection by appointments only. Council Rates $407 P/Q Strata Fees $1045 P/Q SA Water $177 P/Q RLA 188874

Features

1 bedroom
1 bathroom
1 carspace
Apartment

Happy sellers in North Adelaide

96%
96% of sellers in North Adelaide reported that their sale price either exceeded or met their price expectations.

North Adelaide stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in North Adelaide over the last 12 months.

Local market activity for 1 bedroom apartments in North Adelaide

In the last 12 months, 11 one-bedroom apartments similar to 24/45 King William Road, have been sold.

This represents a 10% increase in one-bedroom apartments sales when compared to the previous 12 months.

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