505/104 North TerraceAdelaide SA 5000
Property Details for 505/104 North Tce, Adelaide
505/104 North Tce, Adelaide is a 1 bedroom, 1 bathroom Unit and was built in 2003.
Last Listing description (June 2024)
Exciting live in and investment opportunity in a prime city location!
Perfectly positioned in one of Adelaide's best CBD locations, this spacious north facing one bedroom apartment presents a viable investment opportunity and a great place to call home.
Directly opposite the exciting River Torrens Precinct with Adelaide Oval, the Convention Centre, Sky City Casino and the Adelaide Festival Centre. Less than 500 metres away you'll find the University of Adelaide's medical and health sciences building and UniSA's City West campus, Health and Medical Clinic.
Take advantage of the huge range of investment options on offer. Choose to reap the excellent fuss free rental returns provided through a choice of management companies, lease the apartment out privately or enjoy the city vibe as an owner occupier. Currently managed by The Oaks Hotels and Resorts with a fixd gross income of $459.00 per week. That's approximately an 8% gross yield!
The flexibility also allows you to manage the apartment yourself on a short-term basis through companies such as Airbnb, Booking.com & Stayz or sit back and let one the reputable companies take care of it for you.
**Take note - this apartment is also applicable for Stamp Duty Exemption (Subject to Revenue SA Approval). For further information please go to the RevenueSA website - Stamp Duty on Transfer of Real Property (Land)** You'll save approximately $11,000!
Inside the apartment features a well-equipped kitchen adjacent the open plan living and dining with direct access to the full width balcony complemented with the northern aspect and the warmth of the winter sun. The kings size bedroom is great size with built in robes and frosted glass windows and a two-way ensuite complete with modern finishes and spa bath.
Further attributes include a European style laundry, ducted reverse cycle air conditioning, excellent security, video intercom and 24 hour reception in the foyer. The complex also provides free access to the resort style facilities with the indoor heated lap pool, spa, sauna and gym.
This is an excellent opportunity to invest in one of the CBD's best locations. Live in as an owner occupier and enjoy a low maintenance city lifestyle or take advantage of this prime location and reap the benefits as an investment property, the choice is yours.
PROPERTY INFORMATION:
Certificate of Title: Volume 5903 Folio 716
Council: City of Adelaide
Zoning: Capital City Zone
Year Built: 2003
Oaks Management Fees: $239.56 per month (approx.) *Only applicable if leased to the Oaks
Council Rates: $1,687.70 per annum (approx.)
SA Water Rates: $146.65 per quarter (approx.)
Community Fees
Admin Fund: $908.00 per quarter (approx.)
Sinking Fund: 211.00 per quarter (approx.)
ESL
Residential Rate: $94.00 per annum (approx.)
Commercial Rate: $436.70 per annum (approx.)
Property History for 505/104 North Tce, Adelaide, SA 5000
- 26 Apr 2023Listed for Sale $290,000 - $310,000
- 23 Jan 2016Listed for Sale Not Disclosed
Recent sales nearby
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About Adelaide 5000
The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of 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 18,787 properties. Over the last 5 years, Houses in Adelaide have seen a 43.98% increase in median value, while Units have seen a 37.56% increase. As at 31 March 2026:
- The median value for Houses in Adelaide is $1,210,028 while the median value for Units is $585,713.
- Houses have a median rent of $670 while Units have a median rent of $620.
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