Sold on 3rd of November 2018

1004/91-97 North Terrace Adelaide SA 5000

1 Bed
1 Bath
Sold $271,000
Property Features

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COSMOPOLITAN ADELAIDE PAD OR INVESTMENT

North Terrace is ‘coming alive’ with major developments like the Riverbank precinct, the medical precinct around the new Royal Adelaide Hospital and the North Terrace tram extension. Imagine owning property within walking distance of the most exciting shopping, entertainment, dining and transport the city is famous for. This apartment is situated on the 10th level of the Oaks Embassy Hotel complex. Currently leased to the Oaks for hotel guest use (known as their 1 bedroom deluxe apartment) with a monthly cash payment of $1,600 (approx $18,726 pa FY 18), this makes an effective, low-hassle, investment. Alternatively, you can take possession of the apartment to live in, or rent out on a permanent basis.

The apartment has a quality interior featuring
– Double bedroom with built in robes
– Light filled open plan living/dining/kitchen with balcony accessible through sliding glass doors from the living room
– Stainless Steel kitchen appliances (gas cooktop, oven and dishwasher)
– Modern bathroom with spacious shower, toilet and vanity
– European style laundry tucked away behind bi-fold doors

The apartment comes fully furnished to the Hotel’s décor, right down to the kitchen cutlery. The apartment enjoys access to the hotel facilities including a gym, indoor heated lap pool, spa and sauna on the 4th floor, plus a Coffee Club on the ground floor.

Key card access to lift floors and the apartment ensure security. 24-hour reception in the foyer and an intercom allows guests to the room.

If you did choose to occupy, this apartment caters for low maintenance living, and is perfect for the modern buyer who values both location and lifestyle.

What else we love about this property:

Inside
– Ducted reverse cycle air-conditioning

Outside
– Stylish, iconic modern exterior

Location
Situated perfectly with the following within walking distance:
– The new RAH and medical precinct
– Convention Centre
– Sky City Casino
– Adelaide Oval
– Festival Theatre and Riverbank Precinct
– Central Markets
– Rundle Mall

We look forward to seeing you through one of our advertised inspections. Otherwise, please contact Damien Willis on 0438 859 109 to view by appointment.

General Information:
C/T: 5859/114
Council: Adelaide City Council
Council Rates: $1,715.40 PA
SA Water: $154.25 PQ
Strata: $907.00 PQ
ES Levy: $385.10 PA

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