**This is an investment opportunity only. This property cannot be lived in**
An amazing investment opportunity, in a superb location with an enviable return on investment. Hassle-free investing with this fully serviced & furnished apartment, offering short stay, business, leisure & holiday accommodation right in the middle of Adelaide's CBD.
With an assessable income for 2023/2024 of $26,160.79 and fin-year to date averaging just under $2,300 per month, this investment is hassle-free but with some handy perks!!
**Owners are entitled to 14 days of free accommodation per financial year.
*Speak with your conveyancer about stamp duty exemption.
**The use of the room is free but you are required to pay the cleaning charge upon leaving, there are also notice periods and excluded days.
Financial Status of the Community Title as of 22/4/25
The fund currently stands to the credit of:
Administrative Fund $170,264.01CR
Sinking Fund $563,052.35CR (for future projects)
Why to buy:
- East End/Hindmarsh Square location
- 24-hour reception, room service and concierge
- Gymnasium located on the fifth floor
- In-house cafe, restaurant and bar entertainment facilities
- European influenced building
- Close by to restaurants and boutiques
- Great owner benefits
- Well sized private balcony
- Fully furnished
If you are interested in inspecting this apartment, please contact Josh at Turner Real Estate.
Council / City of Adelaide
Council Rates / $2,325.80 p.a.
Water & Sewer / $165.55 p.q.
Admin Levy / $875 p.q.
Sinking Fund / $227 p.q.
Refurbishment levy / calculated as 3.5% of the assessable income
#expectmore
RLA 62639
