Sold – Lot 60, King William, Adelaide
2 BEDROOMS, 2 BATHROOMS- TWIN KEY.
Located in the heart of Adelaide’s CBD with an abundance of restaurants, cafes, shopping and entertainment at your doorstep, this spacious 2 bedroom apartment offers investors secure 4% increases until 2023.
Street facing apartment, within landmark history rich building, with high ceilings and large heritage windows overlooking picturesque CBD Adelaide scenery.
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|
|60||$335,000||Sold||9.86%** gross||6.27%||$635.00||$33,059 p/a|
Rent Increases: 4% increases annually as follows:
2018 + 4% = $34,381 pa
2019 + 4% = $35,756 pa
2020 + 4% = 37,186 pa
2021 + 4% = $38,674 pa
2022 + 4% = $40,221 pa
A spacious two bedroom twin key apartment- with outlooks to Grenfell Street. Kitchenette facilities to both, with 2 x bathrooms and double doors opening to impressive master suites with CBD outlooks and built in wardrobes.
Approximately 85-90m2 in total size.
Approximate Owner Outgoings:
Council Rates & emergency services : $1857.00 + $450 pa
Water Rates: $660.00 pa
Body Corporate Admin & Sinking fund levies: $9060.00 p
*** PLEASE NOTE:*** This property is now due for major refurbishment. Refurbishment plan will include new kitchens, cabinetry, appliances and bathroom upgrades. Please contact us for a copy for a refurbishment scope of works and cost. Please contact me to discuss the estimated costs in more detail.