Viable, no maintenance investment or live in opportunity.
Perfectly positioned in Adelaide CBD's West End, these studio apartments offer excellent, low risk investment opportunities or a secure and convenient city lifestyle for owner occupiers.
Currently managed by UniLodge, the income is generated through a high occupancy pool scheme with generous yield return of above 7.2% after management and operating expenses. Looking to move in as an owner occupier, this can be done via 3 months written notice at the middle and end of the semester.
The location is fantastic with all the conveniences of city living within walking distance. A short stroll will take you to Adelaide's education facilities with University of South Australia Campuses, Adelaide Health and Medical Sciences, Adelaide University and TAFE all very close by.
Also within walking distance you'll find the exciting Riverbank Precinct with Adelaide Oval, the Convention Centre and Festival Theatre, Adelaide Casino and a huge choice of dining, shopping and entertainment options on Gouger Street and the Adelaide Central Markets. Public transport is of course very easily accessible.
Stand out apartment features include:
- Full furnished
- 2.7m high ceilings
- Open plan living & dining
- Kitchenette with cooktop, microwave and fridge
- Well-appointed bathroom
- Built-in study desk & shelving
- Clothes hanging space
- Private balcony east facing views
- Split reverse cycle air conditioning
- Wall mounted TV
The building is well equipped with the following common facilities:
- 24-hour smart card building access
- Lift access
- Lounge and games area
- Well-appointed kitchen
- Laundry room
- Student study lounge
- Library area
- Gymnasium
- Outdoor BBQ area
This property offer an excellent opportunity for the astute investor, parents looking for a safe a secure live in apartment for the kids and owner occupiers wanting to enjoy a no maintenance city lifestyle.
For any further information please contact Toby Shipway on 0413 600 919.
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 the 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.
