High-Yield Investment and/or Low-Maintenance City Living
Ideally located in the heart of Adelaide's vibrant West End, this furnished studio apartment presents an exceptional opportunity for investors and owner-occupiers alike.
Currently managed by UniLodge, generating a strong rental return via the high-occupancy pool scheme. Currently returning $1,217.25 per month (approx.) after Unilodge have deducted their management fees and refurbishment fund. For those looking to move in, owner-occupiers can take possession with just three months' written notice at the middle or end of the semester.
It gets even better! This property also meets the requirements for Stamp Duty Exemption (Subject to approval from Revenue SA). This is a potential saving of approximately $7,500!
Surrounded by Adelaide's best amenities, these apartments offer unbeatable convenience. The University of South Australia, Adelaide University, TAFE, and the Adelaide Health and Medical Sciences precinct are all within walking distance.
The Riverbank Precinct, home to Adelaide Oval, the Convention Centre, Festival Theatre, and Adelaide Casino, is just a short stroll away, along with the dining and shopping hotspots of Gouger Street, Adelaide Central Market, and Rundle Mall. Public transport options, including buses, trams, and trains, are easily accessible.
Positioned on the 7th floor in the north-west corner of the building, this apartment enjoys only one party wall with an elevated west-facing outlook across the parklands, Adelaide High School precinct and the wide western suburbs. The stunning daily sunsets fill the home with natural afternoon light and a relaxed, open feel.
Designed for comfort and functionality, the apartment features an open-plan living and dining space with high ceilings, a well-equipped kitchenette with a cooktop, microwave, and fridge, and a modern bathroom.
The built in study desk and shelving provide a functional work from home setup, complemented by a private west facing balcony that's perfect for relaxing at the end of the day as the sun sets. Reverse cycle air conditioning ensures year-round comfort, and a wall-mounted TV adds to the convenience.
Residents enjoy access to excellent building amenities, including 24-hour smart card security, lift access, a communal lounge and games area, a well-appointed kitchen, and a laundry room. Study lounges, a library, a gymnasium, and an outdoor BBQ area further enhance the lifestyle appeal.
This apartment is perfect for investors seeking a strong rental return, parents looking for safe and convenient student accommodation, or owner-occupiers wanting a low-maintenance city lifestyle.
For more information or to arrange an inspection, contact Toby Shipway on 0413 600 919.
*Some images have been digitally enhanced for marketing purposes.
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we 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 inquiries and obtain their own legal advice. RLA307896.
