$280k
8/45 King William Road, North Adelaide SA 5006
Apartment
11
Looking For The Ultimate Low Risk Investor?
Look no further… A rare investment with an income stream of up to 9 more years.
The apartment is set in the Iconic "Greenways" complex and leased back to Greenways Serviced Apartments for 5+5 years (last entered into in 2022)
The apartment is leased @ $262 per week (CPI increases apply). So why is it such a great investment? Well unlike a typical residential rental property this investment has NIL VACANCY… income 52 weeks of the year… NO management fees…NO letting fees and NO basic maintenance fees
Perfectly positioned on the ground floor this apartment is super neat and upgraded. 1 good sized bedroom with lots of natural light, big separate lounge (currently utilized as a studio bedroom), "as new" kitchen with lots of storage and gas cooking, impressive bathroom complimented by floor to ceiling tiles, semi frameless shower allocation and freestanding vanity, neutral décor and a split system air-conditioning to keep you comfortable.
Purchase with your superannuation, the perfect low stress low touch 1st investment property or the ideal addition to balance out your existing portfolio. No matter what your circumstances are you need to look at this one.
Situated in North Adelaide, enjoy not only the secure income but the peace of mind that your investment will be well looked after with the capital growth of this highly sought after CBD fringe suburb.
It's a no brainier investor.
Outgoings:
Strata fees: $506.32 P/Q
Council rates: $314.42 P/Q
Water rates: $142.10 P/Q
ESL: $154.05 P/A
The apartment is set in the Iconic "Greenways" complex and leased back to Greenways Serviced Apartments for 5+5 years (last entered into in 2022)
The apartment is leased @ $262 per week (CPI increases apply). So why is it such a great investment? Well unlike a typical residential rental property this investment has NIL VACANCY… income 52 weeks of the year… NO management fees…NO letting fees and NO basic maintenance fees
Perfectly positioned on the ground floor this apartment is super neat and upgraded. 1 good sized bedroom with lots of natural light, big separate lounge (currently utilized as a studio bedroom), "as new" kitchen with lots of storage and gas cooking, impressive bathroom complimented by floor to ceiling tiles, semi frameless shower allocation and freestanding vanity, neutral décor and a split system air-conditioning to keep you comfortable.
Purchase with your superannuation, the perfect low stress low touch 1st investment property or the ideal addition to balance out your existing portfolio. No matter what your circumstances are you need to look at this one.
Situated in North Adelaide, enjoy not only the secure income but the peace of mind that your investment will be well looked after with the capital growth of this highly sought after CBD fringe suburb.
It's a no brainier investor.
Outgoings:
Strata fees: $506.32 P/Q
Council rates: $314.42 P/Q
Water rates: $142.10 P/Q
ESL: $154.05 P/A
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
Send an enquiry
Contact Caleb Robins to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
1
Bathrooms:
1
Property type:
Apartment
Other Details
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Nearby sales
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We found 22 apartments with 1 bedrooms that just sold near 8/45 King William Road North Adelaide
Property history
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SummaryMedian sales
Average Age
39 years
Population
6,823
Listing ID: 181610098. This listing has been viewed 245 times. It was first displayed on 15/05/2023 and last updated on 06/12/2023.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.