107/21-39 Bentham Street

Adelaide SA 5000

BOUTIQUE INVESTMENT WITH GUARANTEED RETURNS
BRILLIANT INVESTMENT OPPORTUNITY IN FRANKLIN CENTRAL APARTMENTS WITH EXCELLENT GUARANTEED RETURNS, LOW OUTGOINGS AND HEALTHY DEPRECIATION BENEFITS; THE 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, PURCHASE FOR INVESTMENT PURPOSES ONLY. FEATURE BENEFITS: * $14,148 RENTAL RETURN PER ANNUM ON A SECURE LONG TERM LEASE ($1,179 P/MONTH) * ANNUAL CPI INCREASE IN INCOME * DEPRECIATION ON $7,000 REFURBISHMENT & APPROXIMATELY $1,500 ON PLANT AND CAPITAL ALLOWANCES * APPROX. $950 BUILDING WRITE OFF ALLOWANCE PER ANNUM ($38,000 COST, 2.5% FOR 40 YEARS) * DISCOUNTED STAY IN THE HOTEL * RECEPTION OPEN FROM 7AM -11PM * NEW CAF? IN FOYER * NESTLED IN QUIET LANE OFF FRANKLIN STREET (BENTHAM STREET) * DISHWASHER & MICROWAVE * HIGH SPEED INTERNET * LCD TV * FOXTEL * CONFERENCE FACILITIES OUR COUNTRY INVESTOR IS SELLING TO THEIR ASSET TO FUND THEIR RETIREMENT - SEIZE THIS OPPORTUNITY TO BUY! 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. THIS PROPERTY IS PROUDLY JOINT-MARKETED BY ALEX OUWENS & MARTIN WYLIE; PLEASE CALL 0433 599 343 TO ARRANGE AN INSPECTION TIME OR FOR MORE INFORMATION. OUTGOINGS: COUNCIL RATES = $890 P/YEAR STRATA / COMMUNITY FEE = $351 P/QUARTER SA WATER = $162 P/QUARTER (MANAGEMENT FEES ALREADY PAID) NOTE THAT YOU MUST SEEK YOUR OWN ADVICE IN RELATION TO TAX BENEFITS AND DEPRECIATION SCHEDULES.