We are pleased to announce that this exceptional oportunity has been re- released . For those with an eye toward the future and a desire for a current, stable ,growing income now is the perfect time to get involved.
Please be advised that as this apartment is on a commercial lease to Mantra Hotels, Stamp Duty is not applicable to this purchase.Please note,however that previous sales were excempt, that this sale remains subject to an application with Revenue SA
Visitors to our fine city love the location of this leased investment with in easy access in any direction be it Adelaide Oval Festival Centre The Riverbank China Town Market or the Mall plus commercial and service establishments ,with beaches and hills precinct as simple as hoping on the tram or ordering an Uber.
Leased to Mantra Hotels this could well suit family superannuation funds or established buyers looking to add / diverse there holdings.
This fully furnished and impeccably maintained large one bedroom apartment is in the eighth floor facing north over Grenfell street.
The enviable position of this apartment building offers guests the choice of superb restaurants and hotels and cafes amazing choices of where and what to eat.
However if they are having an extended stay they can stay in and eat and prepare there meal in the fully equipped kitchen, relax and dine in the open plan living area. Double glazed windows will ensure a great nights rest.
This is an opportunity for those with an eye to the future.
Income : 2022/23 $22,981.31
Income: 2023/24 $18,301.74
Income: 2024/25 $16,710.63
Income: 2025/26 8 months $12,925
Please note that this type of investment may not meet the lending criteria of major financial institutions, questions regarding this, please consult with your financial institution for advice.
Leased 26th March 2021 to 25th of May 2031
Property Details
CT 5791/778
Council: City of Adelaide
Council Rates $388.65 p/q approx
Zoning: CC13
SA Water :$165.55 p/q approx
Body Corp:$1,181.00 p/q approx
Sinking Levy:$317.00 p/a approx
Contact agent should you wish further information
Disclaimer: The information contained in this listing has been obtained from sources considered reliable. However, no guarantee is provided as to its accuracy, and no responsibility is accepted for any errors or omissions, including (but not limited to) details relating to land size, floor plans and measurements, building age, or condition. Interested parties are encouraged to conduct their own investigations to verify the information provided. If this property is scheduled for auction, the Vendor's Statement will be available for inspection at our Harcourts Sheppard office for three consecutive business days immediately prior to the auction and at the auction for 30 minutes
