125/16 Holdfast PromenadeGlenelg SA 5045
Property Details for 125/16 Holdfast Prom, Glenelg
125/16 Holdfast Prom, Glenelg is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 83m2 and floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in April 2020.
Last Listing description (April 2020)
With its Northerly Aspect and Huge Balcony this spacious 1 bedroom apartment enjoys a unique position within the Pier Hotel Building.
You can entertain your guests or just relax with your feet up and a glass of wine on the 40 square metres of outdoor space. Enjoy the winter sun and soak up the beautiful views of both the surf and the sand as well as the Moseley Reserve and the Patawalonga Marina.
THIS ONE IS DIFFERENT from all the rest. It comes with a car park and has an EQUIVALENT BUILDING AREA OF 85 sqm. The bedroom has access to the balcony and the kitchen has a mobile island bench unit. The bathroom has a full size bath plus a separate shower recess.
On the floor above you can enjoy the communal heated swimming pool as well as the spa and gymnasium. On the ground floor are the Restaurants, bars, function rooms and gaming facility. It's all here, for your convenience and enjoyment.
PLENTY OF CHOICES. You can reside here permanently in perpetual holiday mode or just visit in the summer months and lease it back to the Oaks Groups for the rest of the year. Your income can be fixed and guaranteed or alternatively variable, depending on the occupancy rate of the apartment.
Recent gross income from the Oaks has been $53,000 approx. for 2018/2019. This is a UNIQUE INVESTMENT OPPORTUNITY. Huge returns from a secure real estate investment.
The apartment comes FULLY FURNISHED including appliances and decorator items. It is CURRENTLY LEASED TO THE OAKS GROUP with no fixed term (3 months' notice required to vary).
Please phone for an appointment.
Property History for 125/16 Holdfast Prom, Glenelg, SA 5045
- 24 Apr 2020Sold for $385,000
- 21 Feb 2020Listed for Sale $375,000 - $395,000
- 25 Feb 2015Listed for Sale Awaiting Price Guide
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0About Glenelg 5045
The size of Glenelg is approximately 1.0 square kilometres. There are 5 parks, covering nearly 6.3% of the total area. The population of Glenelg in 2016 was 3349 people. By 2021 the population was 3440 showing a population growth of 2.7% in the area during that time. The predominant age group in Glenelg is 70-79 years. Households in Glenelg are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Glenelg work in a professional occupation.In 2021, 51.40% of the homes in Glenelg were owner-occupied compared with 49.30% in 2016.
Glenelg has 3,494 properties. Over the last 5 years, Houses in Glenelg have seen a 64.98% increase in median value, while Units have seen a 79.85% increase. As at 30 June 2026:
- The median value for Houses in Glenelg is $1,958,872 while the median value for Units is $864,353.
- Houses have a median rent of $850 while Units have a median rent of $593.
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