48/21-39 Bentham Street ADELAIDE SA 5000

Brilliant investment opportunity in Franklin Central Apartments with excellent guaranteed returns, low outgoings and depreciation benefits; this large one bedroom apartment was recently modernised and refurbished with a $7,000 internal upgrade. It is fully managed on a secure lease; note that you cannot live in this apartment until lease expiry (likely Dec 2018), purchase for investment purposes only.

Feature benefits:

* $14,021 rental return per annum on a long term lease ($1,168.47 p/month)
* Annual CPI increase in income
* Depreciation on refurbishment/plant capital allowance approximately $1,308 perannum
* Approx. $1779 building write off allowance per annum (2.5% for 40 years)
* Discounted stay in the hotel
* Reception open from 7am -11pm
* Cafe in foyer
* Nestled in quiet lane off Franklin Street (Bentham Street)
* Dishwasher & Microwave
* High speed internet
* LCD TV
* Foxtel
* Conference facilities

A very well presented boutique hotel with great reputation and client base. Please call to arrange an inspection – out of respect for hotel operations, weekday lunchtimes are ideal.

Council Rates = $933 p/year
Size = 45sqm approx
Strata / Community Fee = $382 p/quarter
SA Water = $180 p/quarter
(Management fees already paid)
Management Agreement in place until Dec 2013 (plus further option to 2018)

Note: you must seek your own advice in relation to tax benefits and depreciation schedules, photos and floor plan are library pictures, all apartments are identical in furnishings, inspection recommended.