1313/96 North Terrace, Adelaide, SA 5000 | Apartment for sale | OnTheHouse
 
FOR SALE
$480,000 - $520,000

1313/96 North Terrace
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 62m2
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High yield, set and forget investment opportunity.

Currently managed by the Oaks Hotels and Resorts, this fully serviced investment offers a genuine 'set-and-forget' opportunity with a guaranteed rental return of $775.00 per week (approx. $40,299.96 per annum). That's an impressive 8% gross yield, making it a solid addition to any portfolio.
It gets even better! This property also meets the requirements for Stamp Duty Exemption (Subject to approval from Revenue SA). This is a potential saving of over $20,000!
If you're looking to get more adventurous, the flexibility of this apartment offers so many other options. Manage the apartment yourself on a short basis through Airbnb, Stayz & other platforms, choose from a choice of Airbnb companies who can do it all for you, or lease on a long-term tenancy agreement. Looking to move in and enjoy an exciting city lifestyle, this is easily done via 90 days written termination notice.
Everything the city has to offer is right at your doorstep! The exciting River Torrens Precinct and Adelaide Oval sit directly opposite, less than 500 metres to the Medical Precinct consisting of the new Royal Adelaide Hospital (RAH), South Australian Health and Medical Research Institute (SAHMRI), South Australian Health and Biomedical Precinct (SAHBP), Uni SA Health Innovation Building (HIB) and the Adelaide Health and Medical Sciences Building (AHMS).
First Class restaurants and bars are just a short walk away with gourmet shopping at nearby Central Markets and Gouger Street. Adelaide University, University SA and TAFE are all very close with secondary education zoning for Adelaide High School. Transport options easily accessible with the tram, Adelaide Train Station and major bus stops only a minute away.
Perched on the on western side of the renowned Embassy Apartments, this 13th floor apartment boasts breathtaking views over the historic Trinity Church, the daily lightshows at Biomedical Precinct, the vibrant West End, North Terrace, the River Torrens and stunning sunsets over the ocean.
Fully furnished and ready to go, this apartment comes with everything you could want as an owner occupier or investor. Designed for easy, low maintenance living, the light filled open plan living layout brings together a sleek kitchen, spacious lounge area and a private balcony via the floor to ceiling glass doors framing the skyline and sweeping sunset views.
The kitchen is fully equipped with solid granite benchtops, quality fixtures and fittings, and stainless steel appliances including a 4 burner gas cooktop, electric oven and dishwasher-providing everything needed for easy everyday living and long term tenant appeal.
The bedroom offers excellent space, consisting of a king bed with side tables, and includes built in robes and frosted glass for natural light. The bathroom/ensuite has been well designed to maximise space with modern finishes and floor to ceiling tiles.
Further features include a European style laundry complete with a washing machine, dryer and basin, ducted reverse cycle air conditioning, excellent security with a swipe card system, intercom and 24-hour reception in the foyer.
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Property Details for 1313/96 North Tce, Adelaide

1313/96 North Tce, Adelaide is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 62m2. The place is currently for sale with Ray White Adelaide City.

Building Type
Apartment
Floor Size
62m2
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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. There are 42 parks, covering nearly 50.5% of the total area. The population of Adelaide in 2016 was 15115 people. By 2021 the population was 18202 showing a population growth of 20.4% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation.In 2021, 32.50% of the homes in Adelaide were owner-occupied compared with 32.40% in 2016.

Adelaide has 18,848 properties. Over the last 5 years, Houses in Adelaide have seen a 41.27% increase in median value, while Units have seen a 42.53% increase. As at 30 June 2026:

  • The median value for Houses in Adelaide is $1,253,824 while the median value for Units is $612,302.
  • Houses have a median rent of $670 while Units have a median rent of $620.
There are currently 178 properties listed for sale, and 86 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1263 properties were sold in the past 12 months in Adelaide.

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Toby Shipway
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Ray White Adelaide City
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