OFF MARKET

1106/96 North Terrace
Adelaide SA 5000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 62m2
Land area: 67m2
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Property Details for 1106/96 North Tce, Adelaide

1106/96 North Tce, Adelaide is a 2 bedroom, 1 bathroom Townhouse and was built in 2002. The property has a land size of 67m2 and floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
Townhouse
Year Built
2002
Floor Size
62m2
Land Size
67m2
Local Government
Adelaide
Lot/Plan
F1106/C21121

Last Listing description (August 2022)

Whether you are looking live it up and enjoy an exciting city lifestyle as an owner occupier or add this lucrative investment property to your investment portfolio, you need look no further!

Currently in progress, the whole building is getting a full makeover with refurbished common areas and foyer, new gym (already installed), exterior paint job, LED downlights throughout and much more. All funded already through the existing sinking fund contributions. It will look amazing!

Everything city living has on offer is right at your doorstep. Just across the road you'll find the exciting River Torrens Precinct, Adelaide Oval, Convention Centre, Sky City Casino and Festival Plaza and only 500 metres away is the new Royal Adelaide Hospital (RAH), South Australian Health and Medical Research Institute (SAHMRI) and Adelaide's Biomedical Precinct.

Fully furnished with absolutely everything included, take advantage of the huge choices available. Manage it yourself on a short term basis through companies such as Airbnb and Stayz or sit back and let one the reputable companies take care of it for you.

Currently leased through the Oaks Hotels and Resorts for a guaranteed rental of $2,700.31 (gross) per month. Please see the outgoings at the bottom of the text.

**This apartment is also applicable for Stamp Duty Exemption (Subject to Revenue SA Approval). For further information please go to the Revenue SA website - Stamp Duty on Transfer of Real Property (Land).* That's a saving of approximately $15,000!

Positioned on the 11th floor, this spacious apartment boasts an eastern aspect with stunning views over North Terrace and Adelaide Oval and southern views over the West End.

Inside the apartment features open plan living and dining complimented with natural colour schemes and stylish dcor. The kitchen is well appointed with solid granite benchtops and stainless steel appliances complete with dishwasher, electric oven and gas cooktop.

Both bedrooms are excellent size with built in robes, the main bedroom with a large picture windows and direct access to the generous balcony. The bathroom was recently updated with a new shower screen and bench top and is conveniently located between the bedrooms and living area.

Further features include a European style laundry tucked away in the bathroom, ducted reverse cycle air-conditioning and excellent security with swipe card access, 24 hour reception in the foyer and an intercom that allows guests to your room.

On the 4th floor you'll find the excellent gym equipment, indoor heated lap pool, spa and sauna. All these luxury benefits maintained and serviced through the community rates and are available to you at your leisure.

Enquire now for more details or a private inspection.

PROPERTY INFORMATION:

Oaks Management Fees: $322.65 per month (approx.) - Only applicable if leased to the Oaks

Council Rates: $1,829.40 per annum (approx.)

Water Rates: $154.84 per quarter (approx.)

ESL: $478.15 per annum (approx.)

Community Rates:
- Admin Fund - $885.00 per quarter (approx.)
- Sinking Fund - $296.00 per quarter (approx.)

Property History for 1106/96 North Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$385,000
05 Aug 2022
  • 05 Aug 2022
    Sold for $385,000
  • 29 Nov 2021
    Listed for Sale UNDER OFFER - CONTACT TOBY SHIPWAY
  • 27 Nov 2012
    Listed for Sale $385,000 - $395,000
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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2011 was 12,961 people. By 2016 the population was 15,129 showing a population growth of 16.7% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation. In 2011, 31.3% of the homes in Adelaide were owner-occupied compared with 32.4% in 2016.

Adelaide has 17,729 properties. Over the last 5 years, Houses in Adelaide have seen a 57.01% increase in median value, while Units have seen a 24.34% increase. As at 31 October 2024:

  • The median value for Houses in Adelaide is $1,128,901 while the median value for Units is $517,565.
  • Houses have a median rent of $610 while Units have a median rent of $580.
There are currently 191 properties listed for sale, and 97 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 977 properties were sold in the past 12 months in Adelaide.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.