Positioned in the heart of Adelaide's thriving education, cultural and lifestyle precinct, Unit 43/34 Austin Street presents an outstanding opportunity for both investors and future owner-occupiers, offering secure rental income, exceptional convenience and long-term growth potential.
Currently leased at an impressive $800 per week until December 2026, this fully furnished three-bedroom apartment delivers immediate cash flow with an established tenancy already in place, making it an ideal addition to any investment portfolio. The property is professionally managed by an independent real estate agency, providing investors with flexible management arrangements rather than being tied to an accommodation operator. Upon lease expiry, the property also presents an excellent opportunity for those looking to enjoy vibrant CBD living in one of Adelaide's most convenient locations.
Perfectly positioned opposite Adelaide University and within easy walking distance of Adelaide's East End, North Terrace and the CBD, the apartment enjoys consistently strong demand from students, academics, city professionals and owner-occupiers seeking quality accommodation in Adelaide's premier education precinct.
Designed for comfortable and practical living, the apartment features a light-filled open-plan living, dining and kitchen area that flows effortlessly onto a private balcony, creating an inviting space to relax or entertain.
The contemporary kitchen is well-appointed with quality appliances including a gas cooktop, oven and refrigerator, complemented by generous cabinetry and ample storage to maximise everyday functionality.
Accommodation comprises three generous bedrooms, each featuring built-in robes, study desks, quality furnishings and abundant natural light, making the apartment perfectly suited to student accommodation, professional city living or future owner occupation.
A fully tiled bathroom, internal laundry facilities and ducted reverse-cycle air conditioning provide year-round comfort and complete this well-appointed city residence.
Located within one of Adelaide's most desirable CBD precincts, residents enjoy unrivalled access to Adelaide University, Rundle Mall, Rundle Street, Adelaide Botanic Garden, the East End dining precinct, the Art Gallery of South Australia, South Australian Museum, State Library, Adelaide Oval and excellent public transport including tram and bus services.
Whether you're seeking a high-performing investment with immediate rental returns or planning to move into a vibrant city residence once the current lease expires, this outstanding apartment offers the perfect combination of strong income, blue-chip location and exceptional long-term potential.
Property Features:
- Secure rental income of $800 per week
- Fixed lease in place until December 2026
- Excellent future owner-occupier opportunity upon lease expiry
- Fully furnished three-bedroom apartment
- Spacious open-plan living and dining area
- Private balcony
- Modern kitchen with gas cooktop, oven and refrigerator
- Three generous bedrooms with built-in robes, study desks and quality furnishings
- Internal laundry facilities
- Ducted reverse-cycle air conditioning
- Opposite Adelaide University
- Walking distance to Rundle Mall, Rundle Street and Adelaide's vibrant East End precinct
- Minutes to Adelaide Botanic Garden, Art Gallery of South Australia, South Australian Museum, State Library and Adelaide Oval
- Excellent access to tram, bus and other public transport
Outstanding opportunity for investors and future owner-occupiers alike
Property Information:
CT: 5936/98
Council: City of Adelaide
Zone: Capital City (CC)
Built: 2005
Council Rates: $1,878.85 p.a. Approx.
Strata Manager: Munro Property Group
Administration Fund: $1,300.75 p.q. Approx.
Sinking Fund: $232.20 p.q. Approx.
Emergency Services Levy: $100.50 p.a. Approx.
SA Water: $191.85 p.q. Approx. (Supply & Sewer)
Currently leased at $800 per week until December 2026.
Disclaimer: While every effort has been made to ensure the accuracy of the information provided, we accept no responsibility for any errors or omissions. Interested parties are advised to make their own enquiries and seek independent legal and financial advice.
