PRIME INVESTMENT OFFERING ABOVE 5% NET RETURN! Completely refurbished with absolutely everything done for you, this stunning executive apartment is in next to new condition. Choose to live in the apartment as an owner occupier or take advantage of the wide choice of investment options offering excellent returns. Currently tenanted through the Oaks Hotels and Resorts with a guaranteed return of $2,327.00 per month. Please see the outgoings at the bottom of the text. **This apartment also meets the requirements for stamp Duty Exemption (Subject to Revenue SA Approval). That's a potential saving of over $12,000! ** For further information please go to the Revenue SA website - Stamp Duty on Transfer of Real Property (Land) or contact Toby ** Looking to get a bit more adventurous... manage it yourself through Airbnb, Stayz, Booking.com or any other way you see fit and reap all the benefits of this fantastic investment opportunity! This location speaks for itself with the iconic Adelaide Oval, River Torrens Precinct and Adelaide's ground-breaking Medical Precinct at your doorstep. There is a huge choice of education facilities nearby, 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. Transport options easily accessible with the tram, Adelaide Train Station and major bus stops right at your doorstep. All within a short walk you'll find first class restaurants, great shopping, the Adelaide Casino, The Entertainment Centre, Festival Theatre, Adelaide Convention Centre, Rundle Mall and the new Royal Adelaide Hospital. Situated on the 15th floor this fully furnished apartment boasts amazing views over the city, Adelaide Hills and sunsets over the ocean. Inside the apartment features spacious open plan living and dining complimented with an abundance of natural light, neutral colour schemes and floor to ceiling glass sliding out to the generous balcony. The kitchen well equipped with solid granite bench tops, brand new stainless steel cooktop, oven and dishwasher and quality fixtures and fittings. The bedroom is great size with built in robes and frosted glass sliding doors through to the two way ensuite complete with modern finishes and a large spa bath. Further features include a European style laundry with a washing machine, ducted reverse cycle air conditioning, excellent security with a swipe card system, video intercom and 24 hour reception in the foyer. The complex also provides free access to the revamped resort style facilities complete with indoor heated lap pool, spa, sauna, and gym. All of these excellent luxuries are maintained through the community fees. PROPERTY INFORMATION: Oaks Management Fees: $279.03 per month (approx.) – Only applicable if leased to the Oaks Council Rates: $1,819.60 per annum (approx.) Water Rates: $146.65 per quarter (approx.) ESL: $409.10 per annum (approx.) Community Rates: Admin Fund: $903.00 per quarter (approx.) Sinking Fund: $302.00 per quarter (approx.)