OFF MARKET

402/96 North Terrace
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 56m2
Land area: 65m2
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Property Details for 402/96 North Tce, Adelaide

402/96 North Tce, Adelaide is a 1 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2001. The property has a land size of 65m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Townhouse
Year Built
2001
Floor Size
56m2
Land Size
65m2
Local Government
Adelaide
Lot/Plan
F402/C21009

Last Listing description (December 2022)

Prime investment and/or live in opportunity.

This spacious north facing apartment has it all! Whether you're looking for an exciting city lifestyle or a viable investment property in this highly sought-after city location, you need look no further!

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 returning a guaranteed income through the Oaks Hotels and Resorts of $1,856.47 per month ($22,277.64 per annum).

This location speaks for itself with the iconic Adelaide Oval, River Torrens Precinct and Adelaide's ground-breaking Medical Precinct at your doorstep. There is a huge choice of education facilities nearby, less than 500 metres away you'll find the University of Adelaide's medical and health sciences building and UniSA's City West campus, Health and Medical Clinic.

Transport options easily accessible with the tram, Adelaide Train Station and major bus stops right at your doorstep. All within a short walk you'll find first class restaurants, great shopping, the Adelaide Casino, The Entertainment Centre, Festival Theatre, Adelaide Convention Centre, Rundle Mall and the new Royal Adelaide Hospital.

Positioned on the 4th floor in the north-eastern corner of the Embassy, the apartment features bright and light open plan living and dining with neutral colour schemes and appealing dcor throughout. This flows through to the north facing balcony with wonderful views over North Terrace plus sliding louvers for added privacy. The kitchen is well appointed with solid granite bench tops, quality fixtures and fittings and stainless steel appliances.

The double bedroom is great size with built in robes and north facing floor to ceiling windows. Further features include ducted reverse cycle air conditioning, European style laundry complete with a washing machine and dryer, excellent security with a swipe card system, video intercom and 24-hour reception in the foyer.

The complex also provides free use of the recently revamped resort style facilities with indoor heated pool, spa, sauna and well equipped gym.

Located in the neighbouring Care Park, choose to use the car park for your own personal use or add it to your investment. Currently returning $322.15 per month ($3,865.80 per annum). That's approximately 6.22% net yield return to add to the already amazing return for the apartment.

Don't miss out on your opportunity to inspect this excellent lifestyle apartment.

PROPERTY INFORMATION:

Oaks Management: $224.05 per month (approx.) - Only applicable if leased to the Oaks.

Council Rates: $1,801.00 per annum (approx.)

SA Water Rates: $146.45 per quarter (approx.)

Community Rates
Admin: $670.00 per quarter (approx.)
Sinking: $214.00 per quarter (approx.)

Emergency Services Levy: $401.70 per annum (approx.)

CAR PARK OUTGOINGS:

Council Rates: $243.10 per annum (approx.)

SA Water Rates: $54.35 per quarter (Paid by Care Car Park)

Community Rates
Admin: $178.00 per quarter (Paid by Care Car Park)
Sinking: $24.00 per quarter (approx.

Emergency Services Levy: $105.35 per annum (approx.)

Property History for 402/96 North Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$310,000
09 Dec 2022
  • 09 Dec 2022
    Sold for $310,000
  • 13 Oct 2022
    Listed for Sale UNDER OFFER - CONTACT TOBY SHIPWAY
  • 27 Feb 2008
    Sold for $280,000
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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 17,718 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 90 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 994 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.