1607/96 North Terrace

Adelaide SA 5000

Investors, choose from the huge choice of options available. Lease the apartment on a long-term tenancy agreement, manage the apartment yourself on a short-term basis through companies such as Airbnb and Stay or take advantage of the fuss free option through the Oaks Hotels and Resorts with a guaranteed return of $50,389.44 per annum.

**This apartment meets the requirements for stamp Duty Exemption (Subject to Revenue SA Approval). That's a potential saving of over $16,000! ** For further information please go to the Revenue SA website - Stamp Duty on Transfer of Real Property (Land) or contact Toby *

The generous accommodation comprises of light filled open plan living and dining with stunning views from every angle and direct access to the huge wrap around balcony, an absolute mecca for entertaining guests. The kitchen is beautifully appointed with stainless steel SMEG appliances, large stone breakfast bar, glass splashback and those amazing views to take in while you cook.

All 3 bedrooms are great size all with king size bed suites and built-in robes, the main bedroom also with a stunning ensuite complete with a spa bath, separate shower, his and hers basins and floor to ceiling tiles. The second bathroom is conveniently located as a guest bathroom and easily accessible for bedrooms 2 and 3.

Further features include a European style laundry with a washing machine, ducted reverse cycle air conditioning, excellent security with a swipe card system, video intercom and 24-hour reception in the recently refurbished foyer.

The complex also provides free access to the revamped resort style facilities complete with indoor heated lap pool, spa, sauna, and gym. All these excellent luxuries are maintained through the community fees.

A rare attribute with city living, this apartment also features 2 internal car parks with direct access from the car park via the swipe card activated lift straight to your floor.

This stand out property is one not to be missed and will be highly sought after by investors, executive couples, retirees, semi-retirees, and those just looking for a secure, lock up and leave city lifestyle. Be quick to secure this wonderful opportunity!

PROPERTY INFORMATION:

Certificate of Title: Volume 5864 Folio 38

Council: City of Adelaide

Oaks Property Management Fee: $497.78 per month (Only applicable if leased to the Oaks)

Council Rates: $3,140.00 per annum (approx.)

Water Rates: $303.00 per quarter (approx.)

ESL:
$1,018.55 per annum (approx.) - Commercial Property
$185.60 per annum (approx.) - Residential Property

Community Rates:
Admin: $2,258.00per quarter (approx.)
Sinking: $756.00 per quarter (approx.)