802/96 North Terrace

Adelaide SA 5000

81 m²

Apartment

Last sold for $495,000

Toby Shipway, last sold this property on 01 October 2024 after 22 days on market.

Overview

SOLD BY TOBY SHIPWAY

This spacious north facing apartment boasts endless opportunities for the astute investor or owner occupier looking to live it up in the city. The location has absolutely everything going for it. The adjacent River Torrens Precinct, Adelaide Oval, Convention Centre, Sky City Casino and Festival Plaza and only 500 metres away is the new Royal Adelaide Hospital (RAH), South Australian Health and Medical Research Institute (SAHMRI) and Adelaide's Biomedical Precinct. First Class restaurants and bars are just a short walk away with gourmet shopping at nearby Central Markets and Gouger Street. Adelaide University, University SA and TAFE are all very close with secondary education zoning for Adelaide High School and Adelaide Botanic High School. Transport options easily accessible with the tram, Adelaide Train Station and major bus stops only a minute away. This fully furnished apartment allows you the flexibility to do as you please. Live in as an owner occupier, lease through the Oaks Hotels and Resorts, lease privately on a long-term basis, or be a bit more adventurous and manage it yourself through Airbnb, Booking.com and any other short-term platforms. Currently tenanted by the Oaks Hotels for a guaranteed return of $2,903.33 per month ($670 per week) approx. Perfectly positioned in the north-east corner of the Embassy, enjoy an alfresco breakfast in the morning sun and watch North Terrace and Adelaide Oval light up in the evenings. Inside the apartment boasts light filled living and dining complimented with picture windows framing the amazing north facing aspect over North Terrace, the River Torrens, Adelaide Oval and beyond. The kitchen is well appointed with solid granite benchtops and SMEG appliances complete with dishwasher, electric oven and gas cooktop. Adjacent is the European Style laundry tucked away behind bi-fold doors. The two bedrooms are excellent size, both with two sets of built in robes, the main bedroom with large windows overlooking Adelaide Oval. The bathroom is conveniently positioned for guests and central to the two bedrooms. A rarity in this building, the apartment features two north facing balconies. The main balcony positioned in the north-east corner is great size and perfect for entertaining for guests and the smaller balcony in the north-west corner for the BBQ. Further features include a European style laundry tucked, ducted reverse cycle air-conditioning and excellent security with swipe card access, 24-hour reception in the foyer and an intercom that allows guests to your room. On the 4th floor you'll find the excellent gym equipment, indoor heated lap pool and sauna. All these luxury benefits maintained and serviced through the community rates and are available to you at your leisure.

Features

2 bedrooms

1 bathroom

81 m² floor area

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Adelaide over the last 12 months, the estimated median property value of 802/96 North Terrace is $680k.

Median value

$680k

Estimated value range

$310k - $1.4m

Median days on market

Estimated value trend

17%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Adelaide. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.