809/102-105 North Terrace

Adelaide SA 5000

Choose to live in the apartment as an owner occupier and enjoy a low maintenance lifestyle, lease the apartment privately or take advantage of the excellent returns provided by the Oaks Group.

Currently managed by the Oaks Hotels and Resorts for a guaranteed rental return of $1,993.33 per month ($23,919.96 per annum). That's a very viable 8.10% - 8.39% gross yield!

Apartments purchased for commercial purposes are also eligible for Stamp Duty Concession.
For further information please go to the RevenueSA website - Stamp Duty on Transfer of Real Property (Land).

This city location is second to none with the iconic redeveloped Adelaide Oval, River Torrens Precinct and Adelaide's ground-breaking Medical Precinct all with walking distance. There is a huge choice of education facilities nearby, 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.

First Class restaurants and bars are just a short walk away and 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.

This deluxe one bedroom apartment comes fully furnished with everything you could possibly need. The apartment is positioned on the 8th floor on the south side of the building in a very quiet location with views over the colourful city lights and the Adelaide Hills.

The fully contained kitchen features solid bench tops and quality fixtures and fittings. This opens out to the open plan living and dining area which flows through to the full length balcony.

The bedroom is very generous in size with built in robes and direct access to the two way bathroom complete with a spa bath, modern finishes and a European Style laundry.

Feel safe and secure with excellent security, 24 hour reception, video intercom and a swipe card system to allow access to every part of the building. Accessing Foxtel and the internet is also made easy with data cable throughout.

Enjoy all the benefits of apartment living with the resort style facilities which include an indoor heated lap pool, spa, sauna and gym.

The option is also there to purchase with a car park for $35,000 - $40,000.

This is an exciting opportunity to enjoy apartment living in a city location that has so much to offer!

PROPERTY INFORMATION:

Certificate of Title:

Council: City of Adelaide

Oaks Management Fees: $240.04 per month (approx.)

Council Rates: $333.70 per quarter (approx.)

Water Rates: $163.41 per quarter (approx.)

ESL: To be advised

Community Rates: $1,071.00 per quarter (approx.)