CALL 1800 MY QUEST (1800 697 837):

Sold - Lot 60, King William, Adelaide

Sold – Lot 60, King William, Adelaide

2 Bedrooms 2 Bathrooms

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.

People also visited