For Investors this property may achieve 6.22% pa gross yield return
This beautifully presented unit is located in a wide street. Set one street back from Melbourne Street where there is a free bus service available, walking distance to Adelaide University, CBD, The Old Lion, British Hotel, parklands, Adelaide Oval, Hospitals and only a 5 minute walk to O’Connell Street.
Also, has unparalleled access to the trendy, delicious cafes and eateries of North Adelaide as well as the inner city. It is the ultimate in convenient living – no need for a car – everything is at your finger tips.
This updated unit has an industrial style kitchen, lounge/dining area with wall unit, double bedroom with wall to wall built in robe, modern bathroom. There is new flooring, blinds, light fittings and freshly painted.
Perfect opportunity for a savvy investor to secure great returns, an owner-occupier looking for the cosmopolitan
lifestyle or low maintenance accommodation for students studying in the city.
Year Built / 1970
CT / 5006/773
Council / Adelaide
Council Rates / $1,123 pa approx.
Zoning / NAH C’12
SA Water / tba
ESL / $86.75 pa approx.
Strata Manager / Horner Management
Strata Fees / Admin $255.75 Sinking Fund $40.50 = $296.25
Rent / $275 per week approx.
Gross Rental Yield / 6.22% pa approx
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property’s land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
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