Prime Investment Opportunity in Adelaide's Thriving East End
Positioned within the highly regarded Mantra Hindmarsh Square complex, this fully furnished two bedroom apartment offers an exceptional chance for investors seeking reliable returns and long-term capital growth in one of the CBD's most tightly held pockets.
*Please note this property is for property is for investment only and cannot be lived in.
Perfectly located to accommodate guests from all walks of life, all the conveniences of the CBD at your doorstep. A short stroll will take you to Rundle Mall and Rundle Street, the South Australian Museum and Art Gallery, Botanic Gardens, iconic Adelaide Oval, Adelaide Zoo, River Torrens Precinct and much more.
Currently part of the Hindmarsh Square Managed Investment Scheme, the apartment operates as hotel accommodation with income generated through a high occupancy pool. Investors benefit from a generous return of approximately $29,942.30 per annum. This equates to an impressive 8% yield (approx.) after management and operating expenses.
This property also meets the requirements for Stamp Duty Exemption (Subject to approval from Revenue SA). This is a potential saving of approximately $15,000 on top of the purchase price!
Adding to the appeal of this hands off investment, owners receive 14 nights of complimentary accommodation each year, allowing you to enjoy your own apartment for holidays, business trips or personal stays.
The Mantra Hindmarsh Square has successfully operated this "set and forget" model since around 2003, supported by 24 hour reception, DJ's Diner & Bar, room service, and a fully equipped gym-ensuring guests enjoy premium comfort in the heart of the city.
Inside the apartment features light filled open plan living and dining, a well-appointed kitchenette and a huge private balcony overlooking the leafy Hindmarsh square. Both bedrooms are great size with built in robes and the stylish bathroom centrally located between them. Additional features include ducted reverse cycle air conditioning, secure building access and lift service for year round comfort and peace of mind.
This is an excellent opportunity to secure a high performing, low maintenance asset in a blue chip CBD location. Invest in Adelaide's ever exciting East End today!
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.
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