CALL 1800 MY QUEST (1800 697 837):

Sold - Lot 15, King William, Adelaide, SA

Sold – Lot 15, King William, Adelaide, SA

1 Bedrooms 1 Bathrooms

$255,000- 1 bedroom

Front facing.

** FIXED 4% INCREASES UNTIL 2023**
Located in the heart of Adelaide’s CBD with an abundance of restaurants, cafes, shopping and entertainment at your doorstep, this entry level one bedroom apartment is priced to sell.
OWNER HAS JUST PAID FOR FULL REFURBISHMENT, DUE TO BE COMPLETED SHORTLY COMPRISING OF:

  • New Kitchen, appliances, benchtops, Joinery
  • Bathroom refurbishments
  • Tapware, painting carpet

Within landmark history rich building, with high ceilings and large heritage windows, front street facing.
Will be fully refurbished, with fixed 4% annual rent increases until November 2023,  its a secure bricks and mortar asset returning strong cash flow.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent
15 $255,000 Sold 8.39% 5.23% $411.00 ($21, 402 p/a

Increasing November 18:  $428 per week ($22, 258 p/a)
Lease Terms:        Lease til November 2023 with 2 x 5 year options
Rent Review:         Next market review November 2023
Rent Increases:    4% increases annually as follows:

Approximate Owner Outgoings:
Council Rates: $1343 pa
Water Rates:    $604.00 pa
Body Corporate Admin & Sinking fund levies: $6100.00 pa

 

 

People also visited