FOR SALE
$550,000

328/16 Holdfast Promenade
Glenelg SA 5045

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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PERFECT LIFESTYLE TO LIVE-IN or WITH A PROMISING RETURN & TO USE WHEN YOU WANT?

Welcome to an outstanding opportunity to own a spacious one-bedroom apartment in the highly coveted Pier Hotel, located in the vibrant heart of Glenelg, SA. This remarkable property offers a unique blend of luxury, convenience, and the perfect lifestyle that makes every day feel like a holiday.
Step out onto your private balcony and take in the stunning views of Colley Reserve, providing a serene backdrop for your morning coffee or evening relaxation. As a resident, you'll have access to the exceptional services and facilities of the Pier Hotel, enhancing your daily living experience with unparalleled convenience and comfort.
Imagine leisurely beach walks and refreshing sea swims anytime you desire, as the pristine shoreline is just moments away. The bustling Jetty Road Glenelg offers an array of shops, cozy coffee spots, and fun attractions, all within walking distance. For easy commuting, the tram to the city is just a short stroll away.
Food lovers will be thrilled with the Marina's dining scene, featuring a variety of brilliant eateries that cater to all tastes, located just across the bridge. Here, you truly don't need a car to enjoy everything this vibrant area has to offer.
This property is ideal for those seeking a lifestyle change with minimal transportation needs or for astute investors looking for a lucrative return. The Pier Hotel provides excellent management and rental services, ensuring your investment is well-cared for and generates a handy return.
Quarterly Strata Fees $1,574.00 (approx)
Yearly Council Rates $1,260.10 (approx)
Quarterly SA Water $165.55 (approx)
Managed by The Oaks Hotel Chain
Monthly Returns of $1,925.50 (approx) & potential for revision.
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Property Details for 328/16 Holdfast Prom, Glenelg

328/16 Holdfast Prom, Glenelg is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with CENTURY 21 The Bay.

Building Type
Apartment

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About Glenelg 5045

The size of Glenelg is approximately 1 square kilometres. It has 5 parks covering nearly 6.3% of total area. The population of Glenelg in 2011 was 3,447 people. By 2016 the population was 3,345 showing a population decline of 3.0% in the area during that time. The predominant age group in Glenelg is 60-69 years. Households in Glenelg are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenelg work in a professional occupation. In 2011, 46.5% of the homes in Glenelg were owner-occupied compared with 49.3% in 2016.

Glenelg has 3,416 properties. Over the last 5 years, Houses in Glenelg have seen a 80.42% increase in median value, while Units have seen a 74.48% increase. As at 31 October 2024:

  • The median value for Houses in Glenelg is $1,785,740 while the median value for Units is $753,046.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 10 properties listed for sale, and 3 properties listed for rent in Glenelg on OnTheHouse. According to CoreLogic's data, 138 properties were sold in the past 12 months in Glenelg.

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Larry Collin
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CENTURY 21 The Bay
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