153/61 Hindmarsh Square

Adelaide SA 5000

Rates and taxes (ESL, SA Water, council and community corporation) total approximately $7,400.00 per annum. Detailed rates available upon request.
Additional charges include land tax and income tax; these will vary depending on your individual circumstances.
This is a rare opportunity to invest in one of the largest units within the Scheme, with magnificent views from the 8th floor over Hindmarsh Square and the eastern suburbs towards the Adelaide Hills. This dual-key, two bedroom apartment is part of a 4.5 star hotel and should be viewed as an opportunity to acquire an income-generating investment. At this stage apartments cannot be withdrawn from MHSMIS for sustainability reasons.
Mantra completed a refurbishment in February 2014 and the apartment is for sale fully furnished. There is no hassle appointing an agent, or income lost whilst searching for tenants. All maintenance is handled by Mantra in conjunction with the Community Corporation.
Why should I invest in Mantra Hindmarsh Square?
- high income-generating investment, with steady returns as evidenced by accounts from previous financial years;
- owners are entitled to 14 nights' FREE* accommodation in Mantra Hindmarsh Square per annum (perfect for interstate or country investors);
- apartment comes fully furnished;
- no-maintenance concerns or tenant selection headaches that are standard fare with the average residential property.
Safewealth Realty encourages you to seek professional advice prior to purchasing a property. You should assess the suitability of any purchase of the land or business in light of your
own needs and circumstances by seeking independent financial and legal advice. For more information please view Form R7 at www.cbs.sa.gov.au.
* contact Agent for further information. Some charges, including utilities, GST, Sq restaurant and mini-bar still apply.
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FAQ
Please read this section prior to making an enquiry.
Q: Can I live in Mantra Hindmarsh Square?
A: Yes, but only if you purchase an owner-occupier unit.
Q: Is Lot 153 an owner-occupier unit?
A: No, this apartment is part of the Mantra Hindmarsh Square Managed Investment Scheme (MHSMIS) and should be considered as an investment opportunity only.
Q: What is the term of the lease?
A: There is no lease per se; rather, MHSMIS appoints a hotel operator (in this case Mantra) to manage the day-to-day running of the hotel. Please contact the Agent for more information about the operation of MHSMIS.
Q: How does my apartment earn income if there is no lease?
A: At the end of each month, the pooled hotel revenue (net of credit card charges) is paid into a revenue account, and income is then distributed on a unit entitlement basis (a fixed percentage share). Owners earn a proportion of the income earnt by the hotel, which varies based on the occupancy rate of the entire hotel, not your individual apartment.
Q: If I decide to use some or all of my free accommodation, will I be able to stay in my apartment?
A: Yes, you may be able to stay in your apartment. However, you can also stay in an alternative apartment - when you request free accommodation, Mantra will consider room availability across the entire hotel and endeavour to fulfil your request with the best room available. Please contact the Agent for more information on the free accommodation entitlement.
RLA 173242