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4/116 Rose Terrace
Wayville SA 5034
Townhouse
Currently for sale - view listing
Overview
Premium Wayville Investment
Perfectly positioned in one of Adelaide's most tightly held city-fringe suburbs, this substantial three-level residence presents an outstanding opportunity to secure a quality investment in highly sought-after Wayville.
Currently leased at $980 per week, generating approximately $50,960 in gross rental income per annum, the property offers investors immediate income together with a substantial modern residence in an established inner-Adelaide location.
Offering approximately 214sqm of total living and entertaining space, the home provides proportions rarely found in contemporary townhouse living. Three bedrooms, a dedicated study, multiple outdoor areas and secure double garaging create broad appeal to professional, executive and family tenants.
For local and interstate investors, the combination of an existing tenancy, strong weekly rent, generous accommodation and proximity to the Adelaide CBD creates a compelling long-term investment proposition.
Behind its striking red-brick façade and contemporary timber entrance, a thoughtfully designed floorplan unfolds across three levels.
The ground floor features a secure double garage with internal access, private courtyard and generous bedroom with built-in robes, providing excellent separation from the main living areas.
The first floor forms the heart of the residence, with natural light filling the expansive open-plan living and dining area. The designer kitchen features stone benchtops, a fluted island, extensive custom cabinetry, quality SMEG appliances, gas cooktop and walk-in pantry.
Upstairs, the master suite incorporates a spacious ensuite with double vanity and direct access to an oversized private terrace. Complete with an automated louvre roof and built-in BBQ joinery, this impressive space provides genuine year-round outdoor entertaining.
A generous third bedroom, dedicated study and additional bathroom complete the upper level.
Investment Highlights
• Currently leased at $980 per week
• Approximately $50,960 gross rental income per annum
• Existing tenancy providing immediate rental income
• Approximately 214sqm of living and entertaining space
• Three bedrooms plus dedicated study
• Secure double garage with internal access
• Oversized upper-level entertaining terrace
• Automated louvre roof and built-in BBQ joinery
• Private ground-floor courtyard
• Designer kitchen with stone benchtops and fluted island
• Walk-in pantry and quality SMEG appliances
• Light-filled open-plan living and dining
• Master suite with private ensuite and double vanity
• Ducted reverse-cycle air conditioning
• Quality steel-frame and double-brick construction*
• Automated irrigation to landscaped areas*
• Premium, low-maintenance city-fringe investment
Why Wayville?
Located immediately south of Adelaide's CBD, Wayville is an established and tightly held suburb offering excellent access to major employment, education, medical and lifestyle precincts.
The Adelaide CBD, Park Lands, Adelaide Showground, universities, hospitals and public transport are all within easy reach, while the cafés, restaurants and amenities of Goodwood Road are only moments away.
For investors, the property's substantial accommodation is an important point of difference from smaller inner-city apartments. Approximately 214sqm of space, three bedrooms plus study, double garaging and multiple outdoor areas provide broader appeal to professional couples, executives and families seeking premium city-fringe accommodation.
Education & Location
Zoned for Adelaide Botanic High School and Adelaide High School, with convenient access to Goodwood Primary School, Concordia College, Pulteney Grammar School, Walford Anglican School for Girls and Scotch College.
Outgoings
Water: approximately $165 per quarter
Council: approximately $471 per quarter
Strata: approximately $473 per quarter
An Established Investment from Day One
Rather than acquiring a vacant property and subsequently sourcing a tenant, investors can secure a residence already leased at $980 per week, delivering approximately $50,960 in annual gross rental income.
Combined with its substantial 214sqm footprint, double garage, premium specification and tightly held Wayville location, 4/116 Rose Terrace represents an opportunity to acquire a quality Adelaide city-fringe investment offering immediate income and long-term ownership appeal.
For further information regarding the tenancy, lease details, outgoings or inspections, please contact Chris Xu on 0433 770 616.
All information provided has been obtained from sources we believe to be accurate; however, we cannot guarantee its accuracy and accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at the Ray White Adelaide City office (2/127 Hutt Street, Adelaide) for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA307896.
Features
Property history for 4/116 Rose Terrace
Happy sellers in Wayville
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Local market activity for 3 bedroom townhouses in Wayville
In the last 12 months, 1 three-bedroom townhouse similar to 4/116 Rose Terrace, have been sold.
Sold
For Sale
For Rent
View the listing for inspection times, agent contact details, and more.
Chris Xu
at Ray White Adelaide CBD
