Description

Take advantage of the positive rental market, 2x the income, offering over 6% return truly a unique offering here. Vendor wants it sold. Rare find here. Looking for a cash flow positive investment, offering a combined double income with a rental return exceeding a 6% yield.

In amongst the heart of the eastern precinct, perfectly located within minutes of the rejuvenated Hutt and Flinders Street. Within walking distance to the CBD local restaurants, city conveniences, cinemas, and trendy cafes, and Rundle Mall shopping precinct.

On the other hand, if exercise and fitness must tick the box, these apartments are within proximity to beautiful park lands, walking and training tracks in both Victoria and Rymill Park, with access to universities,

primary schools, colleges, or public transport is close by.

Current rental income on apartment 504A is $450.00 per week and Apartment 504B is $380.00 per week giving a combined rent totalling $830.00 p/week.

504A – Features 2 Bedrooms both with built in robes with the master bedroom boasting a reverse cycle split system air conditioner. There is a fully tiled two-way bathroom with a separate shower, wash closer and vanity area, leading from both the master bedroom and passage area.

The open plan living area has a reverse cycle split system air conditioner which is more than adequate to service the entire combined living/dining and kitchen areas.

The kitchen area has ample bench and cupboard space and comes equipped with premier appliances including an under-bench oven, dishwasher, halogen cooktop, with overhead rangehood.

There is also a north facing balcony leading from the main living area with views overlooking the city and hills. This apartment is currently tenanted at $450.00 per week.

504B – Is a 1 Bedroom apartment featuring master bedroom with built in robes and reverse cycle air conditioning. There is a fully tiled two-way bathroom with a separate shower, wash closet and vanity area. The large main living area has a reverse cycle split system air conditioner.

The combined kitchen/meals area has ample cupboard and bench space including under bench oven and dishwasher, ceramic bench hot plates and overhead rangehood. This apartment is currently tenanted at

$380.00 per week.

Property Features for both Apartments * Generous size bedrooms with built-in robes in both apartments * Large picturesque windows for natural light and cross ventilation * Sparkling floor to ceiling tiled bathrooms with vanity and separate shower * Contemporary kitchen complete with Fisher & Paykel appliances including; under bench oven and dishwasher, ceramic benchtop hotplates and oven * European style laundry with ample room for appliances * Split system air conditioning in living areas and all bedrooms in both apartments * Shared Rooftop deck on level 6 which captures views of the Adelaide Hills CBD skylines and beyond * Intercom access with private security access * Short walk to Victoria & Rymill Park, Hutt Street cafes, Universities and Rundle mall

Benefits of Dual-Key Apartment: * Two income producing properties on one title * Strata fees minimised

* Each apartment can still be rented separately, offering investors great scope for maximum rental return * Dual-key could be a smart play to reach into the urban dwellers who require extra space for a parent or elderly relative to live close-by

This is an absolute pleasure to present these properties and the successful purchaser has many options available: • Live in one and rent the other. • Mum and Dad from the country can accommodate a child/student in the one-bedroom apartment and have the 2-bedroom apartment vacant and available when they visit. • Keep it as it is and receive double the income and a great return on your investment.

Property Information: • CT / Volume 6153 Folio 64 • Council / Adelaide City Council $339.65 per quarter • Building / 93 m2 approx. • Strata Fee: $1566.88 per quarter • SA Water /$110.00 per quarter (tenant contributes towards water usage) • ESL / $135.00 per annum

Please note the following:

- No pets allowed

- No car park included

- Price does not include utilities

For further details please phone Grantley von Minden 041 198 700 Grantley von Minden RLA 118387 Property Link SA RLA 164792

Disclaimer RLA 164792-This advert contains information and imagery which is believed to be accurate based on inspections and Property Link SA sources and or inspections of the property before or at the time of advertising.

Prospective purchasers should make their own enquiries about the validity and accuracy of this information and view the property before making any purchasing decisions.

Furthermore, 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 of, if applicable, common areas, building age and condition.

Rates fees and notices are accurate and approximate any Interested parties should make their own inquiries and obtain their own legal advice.

All fees and charges will be available in the Form 1 which will be prepared by the vendors conveyancer.

Grantley von Minden RLA 118387 Property Link SA RLA 164792

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