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Sold - Lot 41, King William, Adelaide CBD

Sold – Lot 41, King William, Adelaide CBD

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.

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