205/185 Morphett Street

Adelaide SA 5000

BEST OFFERS by 5 PM Thursday 22 August 2024

Nestled in the dynamic heart of Adelaide, the apartment at 205/185 Morphett Street represents a prime investment opportunity that marries modern comfort with bustling city life. This contemporary one-bedroom apartment is perfectly suited for those who seek a stylish urban lifestyle or a lucrative addition to their investment portfolio.

Upon entering, you are greeted by an open-plan living space where natural light pours in through large windows, illuminating the sleek, modern interior. The kitchen is a model of urban efficiency, equipped with stainless steel appliances and smart storage solutions, seamlessly blending functionality with style. The spacious and inviting living area extends onto a private balcony, providing a serene escape where you can enjoy the city's energy from a peaceful vantage point.

This property stands out not only for its amenities but also as a strategic investment. Currently tenanted with a rental income of $500 per week-an impressive return-the lease is secured until March 23, 2025. This stable tenancy ensures immediate rental income, making it an exceptionally attractive option for investors.

Located in a secure building that offers a private balcony, in-house laundry, and proximity to Adelaide's eclectic dining and entertainment scene, the apartment promises convenience and a high-quality urban lifestyle. It's also just steps away from public transport, which facilitates easy access to the broader city.

Split System Reverse Cycle Air Conditioning
Neatly tucked-away kitchen with ample storage
Fully tiled bathroom with large shower
Dedicated car parking space included
Pool & sauna access
Access to public transport, shopping precincts, and prestigious universities
Vibrant city living with fine dining, bars, and entertainment nearby
Proximity to tram for easy city exploration or beach access
Close to essential services including Central Markets for fresh produce
Surrounding parklands and River Torrens Linear Trail for outdoor activities and relaxation

Approximate outgoings:
Strata Manager / Whittles
Strata Admin & Sinking / $1,210 PQ
Water Sewer / $79.50 PQ
Water Supply / $74.20 PQ
Council Rates / $327 PQ
ESL / $97.60 PA

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.