1603/104 North TerraceAdelaide SA 5000
Property Details for 1603/104 North Tce, Adelaide
1603/104 North Tce, Adelaide is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2003. The property has a land size of 116m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in July 2022.
Last Listing description (July 2022)
Contact Agent for inspection time
Moments from so many Adelaide lifestyle attractions, investors will note the North Terrace frontage, proximity to Royal Adelaide Hospital, Adelaide Oval, Adelaide Casino, and of course a number of Adelaide's top restaurants. Golden opportunity for investors offering an envious existing long term rental return from Oaks if you so choose.
Currently used as part of the Oaks Hotels and Resorts, this apartment achieves a net income of $3,456.31 per month.
Filled with light, and perfectly positioned on the 16th floor, the apartment reveals huge views across North Terrace to the Adelaide Oval from a large, double balcony, that is seamlessly connected to the open-plan living & main bedroom.
And there's more to love:
- Large open plan living/dining & kitchen with Smeg appliances, stone bench tops & electric cook top
- Main bedroom with balcony, mirrored built-in robe and ensuite with spa bath, shower alcove, W.C. & vanity
- Bedroom two with mirrored built-in robe, and access to two way main bathroom with shower alcove, vanity and toilet
- Two secure car parks
- Huge double balcony
- Fully furnished (package available)
- Intercom
- Ducted reverse cycle air conditioning
- Access to exceptional facilities including an indoor heated pool, spa, sauna, and equipped fitness gymnasium
Investors will appreciate the 'set and forget' high return on investment. Owner-occupiers will soak up the city lifestyle at their doorstep, while the property also works wonderfully well for a central city base for regional investors. Oaks Horizons Suites have ensured that upkeep and maintenance of the property has been consistently high.
Specifications:
CT / 5903/835
Year built / 2005
Council / City of Adelaide
Council Rates / $2,647p.a. (supplied by vendor)
SA Water / $213 p.q. (supplied by vendor)
Community Fees / $2744 p.q. (supplied by vendor)
Speak to TURNER Property Management about managing this property
#expectmore
*COVID Information for attending an Open Inspection:
We ask that you remember to wear a mask to all open inspections, and Turner Real Estate may stagger attendees throughout busy open for inspections to ensure we provide a COVID safe environment for all attendees.
Property History for 1603/104 North Tce, Adelaide, SA 5000
- 08 Jul 2022Sold for $680,000
- 24 Mar 2022Listed for Sale Under Contract
- 25 May 2017Sold for $560,000
Recent sales nearby
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0About 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.
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