Sold for $322,000
Sold for $322,000Level 8, 811/102-105 North Terrace, Adelaide SA 5000
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Property was sold on 24 June 2020.
Sold on 24 June 2020.
2 beds
1 bath
Apartment / Unit
76m²
2
1
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Apartment / Unit
76m²
Property Features
Under Contract by Brandon O'Connell 0433 102 455. Located on the popular city front of North Terrace, this two bedroom apartment offers the perfect lifestyle or investment opportunity. Currently used as part of the Oaks Hotels and Resorts, this apartment achieves a gross yield of 6.6% approx and a net yield of 4.36% approx. (annual gross income of $24,486.25pa, net of management and admin fees). Spoilt with panoramic views from the wrap around balcony that accentuates this stunning corner apartment. Natural light floods the living area and bedrooms of this eighth floor oasis. The robust amenity program includes: gym and indoor heated lap pool or relax in the spa and sauna. A 24 hour reception adds a layer of security and convenience. The apartment itself features generous size bedrooms with built in robes, built in safe and direct access to the a two way bathrooms highlighted by the separate shower and spa bath. The entire apartment is heated and cooled by fully ducted reverse cycle air-conditioning. Surrounded by premier café, restaurant and bar options this apartment offers a complete lifestyle upgrade. Walk to the Central Markets where the pinnacle of local produce is on offer and stroll along the banks of the River Torrens before retiring to your balcony to soak in the city lights. As an investor you can enjoy guaranteed returns through the OAKS Hotels and Resorts. A popular spot to stay given its proximity to the Convention Centre, Casino and Adelaide Oval. A number of major developments in the River Torrens precinct bring with them an exciting future of growth in the area. Specifications: Year built / 2005 Water / $702.40pa approx. Council / $1,802.20pa approx. Strata / $5,892pa approx. Belle Property Unley 285 137