Sold – Lot 41, King William, Adelaide CBD
480,000
Lot 41
2 Bedrooms
1
Bathrooms
With the upcoming kitchen and bathroom refurbishment fully paid by the current owner this high yield apartment in the heart of Adelaide CBD will provide secure cash flow with scheduled 4% increases until 2023.
Quest Adelaide on King William is conveniently located near the Adelaide Convention Centre, Adelaide Oval, Adelaide Casino, Rundle Mall and the Central Market. Easy access is also available to Royal Adelaide Hospital, Adelaide Showgrounds and The University of Adelaide
LARGE 2 BEDROOM APARTMENT WITH BEAUTIFUL VIEWS SET WITHIN STUNNING BUILDING.
| Lot | Asking Price | status | Gross Return | Net Return | Weekly Return | Annual Rent |
| 41 | $473,500 | SOLD | 9.36% | 6.80% | $864 | $44,936 pa |
SET INCREASES AS FOLLOW:
Nov 2018- $898 pw- 9.74% gross
Nov 2019- $934 pw 10.12% gross
Nov 2020- $971pw 10.52% gross
Nov 2021- $1010pw 10.94% gross
Nov 2022- $1051pw 11.38% gross
| Approx Annual Outgoings | ||
| Council Rates & Emergency Levy | $2020 per annum. | |
| Water Rates | $624 per annum. | |
| O/C admin levies | $7904 per annum. | |
| O/C sinking Levies | $1664 per annum. |
