Positioned in the heart of Adelaide's vibrant West End, this furnished studio apartment offers an outstanding opportunity for both investors and owner-occupiers.
Currently managed by UniLodge, the apartment generates a strong rental return through the high-occupancy pool scheme, providing a generous return of $1,217,25 per month (approx.) after Unilodge management expenses and refurbishment fund. For buyers wishing to occupy the apartment themselves, owner-occupiers can take possession by providing just three months' written notice at the middle or end of the semester.
Surrounded by some of Adelaide's best amenities, these apartments provide exceptional convenience. The University of South Australia, Adelaide University, TAFE, and the Adelaide Health and Medical Sciences precinct are all within easy walking distance. The Riverbank Precinct, including Adelaide Oval, the Convention Centre, Festival Theatre, and Adelaide Casino, is also just a short stroll away. Popular dining and shopping destinations including Gouger Street, Adelaide Central Market, and Rundle Mall are close by, while buses, trams, and trains provide easy access throughout the city and beyond.
Positioned on the first floor at the end of the building, with only one adjoining wall, the apartment offers a quiet and comfortable living environment. The open-plan living and dining area features high ceilings, creating a greater sense of space, while the kitchenette includes a cooktop, microwave and fridge, complemented by a modern bathroom.
A built-in study desk and shelving provide a practical and functional workspace, while the east-facing balcony offers a private outdoor retreat. Reverse cycle air conditioning provides year-round comfort, with a wall-mounted TV adding further convenience.
Residents also have access to an excellent range of building amenities, including 24-hour smart card security, lift access, a communal lounge and games area, a well-appointed kitchen, and laundry facilities. The recently refurbished study room, library and games room, gymnasium, and outdoor BBQ area further add to the lifestyle appeal.
Whether you're an investor seeking strong rental returns, a parent looking for safe and conveniently located student accommodation, or an owner-occupier wanting an easy-care city lifestyle, this apartment presents an excellent opportunity.
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). Some images may have been digitally enhanced for marketing purposes. Interested parties should make their own inquiries 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.
