Invest in this Prime City Location with a yield return of above 8%! Fantastic investment and lifestyle opportunity in one of Adelaide's best CBD locations. Directly opposite the exciting River Torrens Precinct with Adelaide Oval, the Convention Centre, Sky City Casino and the Adelaide Festival Centre. Less than 500 metres away you'll find the University of Adelaide's medical and health sciences building and UniSA's City West campus, Health and Medical Clinic. Fully furnished with everything you need, this apartment offers a huge range of options! Choose to reap the excellent fuss free rental returns provided through a choice of management companies, lease the apartment out privately or enjoy the city vibe as an owner occupier. Currently managed by The Oaks Hotels and Resorts for a guaranteed gross income of $2,166.67 per month. The flexibility also allows you to manage the apartment yourself on a short-term basis through companies such as Airbnb, Booking.com & Stayz or sit back and let one the reputable companies take care of it for you. The apartment features a well-appointed kitchen adjacent the open plan living and dining with direct access to the full width balcony complimented with stunning views over the colourful city skyline, Adelaide Hills and summer sunsets over the ocean. The bedroom is great size with built in robes and frosted glass windows and a two-way ensuite complete with modern finishes and spa bath. Further features include a European style laundry, ducted reverse cycle air conditioning, excellent security, video intercom and 24 hour reception in the foyer. The complex also provides free access to the resort style facilities with the indoor heated lap pool, spa, sauna and gym. This is an excellent opportunity to invest in one of the CBD's best locations. Live in as an owner occupier and enjoy a low maintenance city lifestyle or take advantage of this prime location and reap the benefits as an investment property, the choice is yours. PROPERTY INFORMATION: Certificate of Title: Volume 5903 Folio 776 Council: City of Adelaide Zoning: Capital City Zone Year Built: 2003 Oaks Management Fee: $260.30 per month (approx.) - * Only applicable if leased to the Oaks Hotels. Council Rates: $1,433.35 per annum (approx.) SA Water Rates: $160.00 per quarter (approx.) Community Fees Admin Fund: $937.00 per quarter (approx.) Sinking Fund: $220.00 per quarter (approx.) ESL: $452.39 per annum (approx.)