**AMAZING NET RETURN ABOVE 5%** Whether you are looking live it up and enjoy an exciting city lifestyle as an owner occupier or add this lucrative investment property to your investment portfolio, you need look no further! Currently in progress, the whole building is getting a full makeover with refurbished common areas and foyer, new gym (already installed), exterior paint job, LED downlights throughout and much more. All funded already through the existing sinking fund contributions. It will look amazing! Everything city living has on offer is right at your doorstep. Just across the road you'll find the exciting River Torrens Precinct, Adelaide Oval, Convention Centre, Sky City Casino and Festival Plaza and only 500 metres away is the new Royal Adelaide Hospital (RAH), South Australian Health and Medical Research Institute (SAHMRI) and Adelaide's Biomedical Precinct. Fully furnished with absolutely everything included, take advantage of the huge choices available. Manage it yourself on a short term basis through companies such as Airbnb and Stayz or sit back and let one the reputable companies take care of it for you. Currently leased through the Oaks Hotels and Resorts for a guaranteed rental of $2,700.31 (gross) per month. Please see the outgoings at the bottom of the text. **This apartment is also applicable for Stamp Duty Exemption (Subject to Revenue SA Approval). For further information please go to the Revenue SA website - Stamp Duty on Transfer of Real Property (Land).* That's a saving of approximately $15,000! Positioned on the 11th floor, this spacious apartment boasts an eastern aspect with stunning views over North Terrace and Adelaide Oval and southern views over the West End. Inside the apartment features open plan living and dining complimented with natural colour schemes and stylish décor. The kitchen is well appointed with solid granite benchtops and stainless steel appliances complete with dishwasher, electric oven and gas cooktop. Both bedrooms are excellent size with built in robes, the main bedroom with a large picture windows and direct access to the generous balcony. The bathroom was recently updated with a new shower screen and bench top and is conveniently located between the bedrooms and living area. Further features include a European style laundry tucked away in the bathroom, ducted reverse cycle air-conditioning and excellent security with swipe card access, 24 hour reception in the foyer and an intercom that allows guests to your room. On the 4th floor you'll find the excellent gym equipment, indoor heated lap pool, spa and sauna. All these luxury benefits maintained and serviced through the community rates and are available to you at your leisure. Enquire now for more details or a private inspection. PROPERTY INFORMATION: Oaks Management Fees: $322.65 per month (approx.) - Only applicable if leased to the Oaks Council Rates: $1,829.40 per annum (approx.) Water Rates: $154.84 per quarter (approx.) ESL: $478.15 per annum (approx.) Community Rates: - Admin Fund - $885.00 per quarter (approx.) - Sinking Fund - $296.00 per quarter (approx.)