SOLD
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Sold on 12 Feb 2024 for $298,000

509/96 North Terrace
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 53m2
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Property Details for 509/96 North Tce, Adelaide

509/96 North Tce, Adelaide is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Apartment sold in Adelaide in the last 12 months.

Building Type
Apartment
Floor Size
53m2
Local Government
Adelaide
Lot/Plan
F509/C21009

Last Listing description (February 2024)

Prime in investment with a net yield return above 5%!

Currently managed by the reputable Oaks Hotels and Resorts, this deluxe apartment offers a no maintenance investment opportunity with a viable rent of $1,733.33 per month.

It gets even better - This apartment also meets the requirements for Stamp Duty Exemption (Subject to Revnue SA Approval). For further information please go to the RevenueSA website - Stamp Duty on Transfer of Real Property (Land). That's a saving of over $11,000!

Looking to live and enjoy an enviable city lifestyle, this can be done also. Lap up everything this fantastic location has to offer right at your doorstep with an abundance of first-class restaurants and great shopping to choose from all within walking distance. Further attractions include the exciting River Torrens Precinct comprising of the iconic Adelaide Oval, Casino, Entertainment Centre, Festival Theatre and the Convention Centre.

Less than 500 metres away you'll also find the Medical Precinct consisting of the new Royal Adelaide Hospital (RAH), South Australian Health and Medical Research Institute (SAHMRI), South Australian Health and Biomedical Precinct (SAHBP), Uni SA Health Innovation Building (HIB) and the Adelaide Health and Medical Sciences Building (AHMS).

This apartment features a well appointed fully contained kitchen with solid granite bench tops, stainless steel appliances and quality fixtures and fittings. This flows through to the light filled open plan living and dining area and the adjacent private balcony.

The spacious bedroom features built in robes, frosted windows to allow in natural light and a sparkling ensuite. Other features of this lifestyle apartment include a European style laundry, ducted reverse cycle air conditioning, video intercom and excellent security with swipe card access and 24-hour reception in the foyer.

The complex also offers everyday free use of the extensive facilities, all which are maintained through the community rates. Keep fit with state of the art gym and indoor heated lap pool or relax in the spa and sauna.

What more could you ask for! Enquire now for more details or a private inspection.

PROPERTY INFORMATION:

Oaks Management Fee: $209.66 per month (approx.) Only applicable if leased to the Oaks

Council Rates: $1,850.80 per annum (approx.)

Water Rates: $153.70 per quarter (approx.)

Emergency Services Levy: $319.50 per annum (approx.)

Community Rates:
Admin: $503.00 per quarter (approx.)
Sinking: $161.00 per quarter (approx.)

Property History for 509/96 North Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$298,000
12 Feb 2024
  • 29 Feb 2024
    Sold for $298,000
  • 18 Nov 2023
    Listed for Sale Not Disclosed
  • 30 Aug 2010
    Sold for $247,500
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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 17,934 properties.

    There are currently 166 properties listed for sale, and 78 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1056 properties were sold in the past 12 months in Adelaide.

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    Toby Shipway
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    Bruse Real Estate
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    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.