OFF MARKET

202/22 Hume Street
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 121m2
Land area: 60m2
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Property Details for 202/22 Hume St, Adelaide

202/22 Hume St, Adelaide is a 1 bedroom, 1 bathroom Unit and was built in 2015. The property has a land size of 60m2 and floor size of 121m2. While the property is not currently for sale or for rent, it was last sold in September 2019.

Building Type
Unit
Year Built
2015
Floor Size
121m2
Land Size
60m2
Local Government
Adelaide
Lot/Plan
F202/C40135

Last Listing description (December 2021)

Hume Serviced Apartments offers individual investors the opportunity to secure an ideally located boutique serviced apartment which successfully capitalises on existing demand, with further upside to capitalise on the significant public and private sector investment being injected into the Adelaide CBD.

5 YEAR LEASE BACK with a guaranteed net distribution to investors of 5% per annum for the first 5 years


* As new refurbished and fully furnished apartments with a 4 star rating.
* Investment secured by individual community strata title.
* Apartment facilities include fully equipped kitchenette, separate lounge/dining area, individual controlled air-conditioning and heating in both living and main bedrooms, fully furnished and ready for guest to enjoy all the Adelaide has to offer.

Hume serviced Apartments opened in 2016 and has established a solid customer base over the past five years which generates strong returns due to its simple, uncomplicated operating structure.

The apartments also offer excellent depreciation benefits to the purchaser. 5% rental guarantee is offered annually and fixed for 5 years, further 5 years to be negotiated.

Hume Serviced apartments are strategically located within the vibrant eastern precinct of Adelaide's Central Business District within one of Adelaide's premier mixed-use high-street precincts, offering extensive private healthcare services and hospitals, commercial, retail and restaurants/cafe's, and a high quality emerging residential offering with strong connectivity to the affluent eastern suburbs, the east parklands, Rundle Street and Adelaide's east end. The location ensures the property caters to corporate travellers accessing the city, as well as tourism and leisure customers using the hotel as a base to access Adelaide's premium tourist attractions of the Barossa, McLaren Vale, Fleurieu Peninsula, Kangaroo Island and Adelaide's Extensive festival events and conference calendar.

Property History for 202/22 Hume St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
05 Sep 2019
  • 19 Oct 2021
    Listed for Sale $399,900
  • 05 Sep 2019
    Sold

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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 17,715 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 182 properties listed for sale, and 87 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 994 properties were sold in the past 12 months in Adelaide.

Suburb Insights for Adelaide 5000

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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.