Floor plan
Sold on 1st of October 2022

324/16 Holdfast Promenade Glenelg SA 5045

2 Bed
1 Bath
1 Car

Sold

Sold on 1st of October 2022

Property Features

  • Garage Spaces: 1

Outgoings

Water Rates $146.65 quarter
Council Rates $1111.95 year
Strata Admin Fund $2049.00 quarter
Strata Sinking Fund $102.00 quarter
Other Outgoings $116.80 year

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Sea and marina views

This is an exciting opportunity for a variety of reasons in a location that is so hard to beat. The apartment is set on the third floor and has a north/westerly aspect that captures the winter sun and views to the Marina to the north and the ocean to the west. Colley reserve is the back drop to this building and when you head South, within a minutes’ walk you can shop and eat to your hearts content on Jetty Road and surrounding streets. This exciting location is for everyone but if you just want some quiet time then all the facilities to enjoy life are in the complex for you to enjoy. Do a work-out in the fully equipped gymnasium, swim in the adjacent heated swimming pool, have a sauna and when you are done, enjoy a drink and a bite to eat at either of the two eateries on the ground floor. This superbly elegant and pristinely kept building is a joy to spend time in and you really want for nothing.

Currently, the apartment is rented out as holiday accommodation returning a gross income of approximately $85,000 per annum. (net approx 5%) This of course can be continued but if you wish to move in then vacant possession can be arranged. Some may take advantage of the holiday rental option and use the apartment for themselves, family and friends from time to time and receive the rental income for the most part. Why not buy it with your super fund and enjoy the returns it gives you over the years.

What we love:
• The Pier – Holdfast Shores, a grand luxury apartment complex with 24hr Concierge, coded card lift and apartment security
• On site secure under cover parking for one vehicle, elevator to all levels
• Balcony access via sliding doors from the living/dine and ocean front bedroom
• Fully furnished and newly refurbished to a high standard, nothing to do, rent out or move in
• Open plan kitchen/living/dine, carpeted flooring to two bedrooms and living area
• Well appointed kitchen with dishwasher, under bench oven, fridge, microwave and Euro laundry
• Stylish bathroom with imported tiles, quality finishes, shower over a luxe deep bath
• Two queen bedrooms, both with built in wardrobes, north/west bedroom has sea and marina views
• Intercom system, reverse cycle heating and cooling, pool, gym and sauna

This is a luxury stay and can be yours to use or to continue the solid investment this property provides. Location, location, you simply can not go wrong with this one.

Available for viewing by appointment. I look forward to showing you through.

CT Reference – 5886/795
Council – Holdfast Bay
Council Rates – $1,111.95 pa (approx)
SA Water Rates – $146.65 pq (approx)
Emergency Services Levy – $116.80 pa (approx)
Strata – $2,151 pq (approx)
Year Built – 2002
Total Build area – 72m² approx.
Zoning – UN – Urban Neighbourhood

OUWENS CASSERLY – MAKE IT HAPPEN™

RLA – 304 568

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