603/16 Holdfast PromenadeGlenelg SA 5045
Property Details for 603/16 Holdfast Prom, Glenelg
603/16 Holdfast Prom, Glenelg is a 1 bedroom, 1 bathroom Unit and was built in 2002. The property has a land size of 58m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last transferred in October 2023.
Last Listing description (August 2022)
Perched on the 6th floor with fabulous views over Colley and Wigley Reserves with the Mount Lofty Ranges as a backdrop. Complete with a private balcony.
RECENTLY REFURBISHED to the tune of $20,000, this apartment is currently leased back to the Oaks Glenelg Plaza Pier Suites and has shown a return of 6.0% over the past 12 months. This is NETT OF ALL OUTGOINGS including Hotel Management (13.2% Incl GST), Rates and Community Title Fees. Annual revenue has been over $60,000 with an occupancy rate of 92.8% for this period.
Alternatively, you could enjoy a carefree live-in lifestyle with all the benefits on offer such as bars and restaurants, plus the indoor lap pool, heated spa, sauna and gym (all on level 2). And a cozy little gaming room if you enjoy a flutter.
Tram it to the city, or just enjoy the bustling Jetty Road precinct with all its restaurants and cafes. Everything at your fingertips. No need for a car. You have a myriad of options here.
Anyway you look at this offering, it's got to be a SOUND INVESTMENT FOR THE LONG TERM. Inspections only by appointment.
Property History for 603/16 Holdfast Prom, Glenelg, SA 5045
- 10 Oct 2023Transferred
- 28 Oct 2021Listed for Sale $413,000
- 17 Jan 2014Listed for Sale $386,237
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About 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 58.15% increase in median value, while Units have seen a 88.35% increase. As at 31 May 2026:
- The median value for Houses in Glenelg is $1,889,949 while the median value for Units is $865,079.
- Houses have a median rent of $850 while Units have a median rent of $580.
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