For Investors this property may achieve 6.22% pa gross yield returnThis 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.SPECIFICATIONS:Year Built / 1970CT / 5006/773Council / AdelaideCouncil Rates / $1,123 pa approx.Zoning / NAH C’12SA Water / tbaESL / $86.75 pa approx.Strata Manager / Horner ManagementStrata Fees / Admin $255.75 Sinking Fund $40.50 = $296.25Rent / $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.HELP PREVENT the spread of COVID-19. Bowman Morse Real Estate have implemented extra precautions to our inspections and auctions. We respectfully ask if you are feeling unwell, have travelled overseas in the past 14 days or been in contact with a confirmed case of COVID-19 in the last 14 days, please contact our sales consultant to discuss alternative ways to view the property. If in the event that you feel unwell in the 14 days following an inspection, we request that you contact our office immediately.
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