Positioned in the heart of Adelaide's thriving education, cultural and lifestyle precinct, Unit 43/34 Austin Street presents an outstanding opportunity for both investors and future owner-occupiers, offering exceptional rental returns, everyday convenience and long-term growth potential.
Currently leased at an impressive $800 per week until December 2026, this fully furnished three-bedroom apartment delivers immediate cash flow with an established tenancy already in place, offering an exceptional gross rental yield of approximately 8.1%8.4%* based on the advertised price guide.
Professionally managed by an independent real estate agency, the property provides investors with flexible management arrangements while also presenting an excellent opportunity for future owner-occupiers to move in upon lease expiry.
Perfectly positioned opposite Adelaide University and within easy walking distance of North Terrace, Adelaide's vibrant East End, Rundle Mall and the CBD, the apartment enjoys consistently strong demand from students, academics, city professionals and owner-occupiers alike.
Designed for comfortable and practical living, the apartment features a light-filled open-plan living, dining and kitchen area that flows effortlessly onto a private balcony, creating an inviting space to relax or entertain. The contemporary kitchen is well-appointed with quality appliances including a gas cooktop, oven and refrigerator, complemented by generous cabinetry and ample storage.
Accommodation comprises three generous bedrooms, each featuring built-in robes, study desks, quality furnishings and abundant natural light, making the apartment perfectly suited to student accommodation, professional city living or future owner occupation. A fully tiled bathroom, internal laundry facilities and ducted reverse-cycle air conditioning complete this well-appointed city residence.
Whether you're seeking a high-performing investment with an outstanding gross rental yield or planning to move into a vibrant city residence once the current lease expires, this outstanding apartment offers the perfect combination of strong income, blue-chip location and exceptional long-term potential.
Property Features
-Approx. 8.1%8.4% gross rental yield*
-Secure rental income of $800 per week (Approx. $41,600 p.a.)
-Fixed lease in place until December 2026
-Excellent future owner-occupier opportunity upon lease expiry
-Fully furnished three-bedroom apartment
-Spacious open-plan living and dining area
-Private balcony
-Modern kitchen with gas cooktop, oven and refrigerator
-Three generous bedrooms with built-in robes, study desks and quality furnishings
-Internal laundry facilities
-Ducted reverse-cycle air conditioning
-Professionally managed by an independent real estate agency
-Opposite Adelaide University
-Walking distance to Rundle Mall, Rundle Street and Adelaide's vibrant East End precinct
-Minutes to Adelaide Botanic Garden, Adelaide Oval, the Art Gallery of South Australia, South Australian Museum and the State Library
-Excellent access to tram, bus and other public transport
Property Information:
CT: 5936/98
Council: City of Adelaide
Zone: Capital City (CC)
Built: 2005
Council Rates: $1,878.85 p.a. Approx.
Strata Manager: Munro Property Group
Administration Fund: $1,300.75 p.q. Approx.
Sinking Fund: $232.20 p.q. Approx.
Emergency Services Levy: $100.50 p.a. Approx.
SA Water: $191.85 p.q. Approx. (Supply & Sewer)
Currently leased at $800 per week until December 2026.
*Approximate gross rental yield is based on the advertised price guide of $495,000$515,000 and the current rental income of $800 per week. Gross rental yield is provided as a guide only and does not take into account outgoings, acquisition costs or future changes in rental income.
