324/16 Holdfast PromenadeGlenelg SA 5045
Property Details for 324/16 Holdfast Prom, Glenelg
324/16 Holdfast Prom, Glenelg is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 74m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Last Listing description (November 2022)
This is an exciting opportunity for a variety of reasons in a location that is so hard to beat. The apartment is set on the third floor and has a north/westerly aspect that captures the winter sun and views to the Marina to the north and the ocean to the west. Colley reserve is the back drop to this building and when you head South, within a minutes' walk you can shop and eat to your hearts content on Jetty Road and surrounding streets. This exciting location is for everyone but if you just want some quiet time then all the facilities to enjoy life are in the complex for you to enjoy. Do a work-out in the fully equipped gymnasium, swim in the adjacent heated swimming pool, have a sauna and when you are done, enjoy a drink and a bite to eat at either of the two eateries on the ground floor. This superbly elegant and pristinely kept building is a joy to spend time in and you really want for nothing.
Currently, the apartment is rented out as holiday accommodation returning a gross income of approximately $85,000 per annum. (net approx 5%) This of course can be continued but if you wish to move in then vacant possession can be arranged. Some may take advantage of the holiday rental option and use the apartment for themselves, family and friends from time to time and receive the rental income for the most part. Why not buy it with your super fund and enjoy the returns it gives you over the years.
What we love:
On site secure under cover parking for one vehicle, elevator to all levels
Balcony access via sliding doors from the living/dine and ocean front bedroom
Fully furnished and newly refurbished to a high standard, nothing to do, rent out or move in
Open plan kitchen/living/dine, carpeted flooring to two bedrooms and living area
Well appointed kitchen with dishwasher, under bench oven, fridge, microwave and Euro laundry
Stylish bathroom with imported tiles, quality finishes, shower over a luxe deep bath
Two queen bedrooms, both with built in wardrobes, north/west bedroom has sea and marina views
Intercom system, reverse cycle heating and cooling, pool, gym and sauna
This is a luxury stay and can be yours to use or to continue the solid investment this property provides. Location, location, you simply can not go wrong with this one.
Available for viewing by appointment. I look forward to showing you through.
CT Reference - 5886/795
Council - Holdfast Bay
Council Rates - $1,111.95 pa (approx)
SA Water Rates - $146.65 pq (approx)
Emergency Services Levy - $116.80 pa (approx)
Strata - $2,151 pq (approx)
Year Built - 2002
Total Build area - 72m approx.
Zoning - UN - Urban Neighbourhood
OUWENS CASSERLY MAKE IT HAPPEN
RLA - 304 568
Property History for 324/16 Holdfast Prom, Glenelg, SA 5045
- 10 Nov 2022Sold for $670,000
- 10 Aug 2022Listed for Sale $650k - $700k
- 06 Dec 2002Sold for $364,900
Recent sales nearby
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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 3,493 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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