703/61 Hindmarsh Square

Adelaide SA 5000

Situated on the corner of level 7 of the Mantra Complex that occupies a privileged position facing Hindmarsh Square Parkland, 721 is essentially a short stroll to the vibrancy and action in the Heart of Adelaide City and Rundle Street. This property is surrounded by commercial offices, shopping destinations, education institutions, parklands and more. It is just a short walk to everywhere.

Tastefully decorated, you get two properties on the seventh level, which comprise 2 bedrooms, 2 bathrooms, a kitchen, master bed kitchenette and two large living spaces adding up to approximately 83sqm plus! Get this: 32 sqm of balcony. This immaculately maintained apartment enjoys stunning easterly city and hills views from the two huge terraces.

The perfect property for the astute investor, with a lease to the Mantra Group offering a current return of around 7% Net after Hotel Income. (Most residential are at 2.7%) This property offers strong rental returns where you can sit back and enjoy none of the headaches of residential tenancies. After ten years with the tax benefits and the high income, you could potentially have it paid off. Your biggest problem will be you wish you had brought two.

Monthly Cash flow handout for 2022/23 available on request.

Features that you will love:
- Secure building access with 24/ hour receptionist in reception
- Enjoy the restaurant and lounge right downstairs
- Balcony offering splendid city and hills view
- 2 efficient floor plans with open plan living, dining, kitchen and kitchenette with stainless steel appliances
- Spacious master bedroom with views over the city lights
- Floor-to-ceiling height windows that offer an abundance of natural light
- Cabinets providing plenty of storage
- Features of the complex include reverse cycle air conditioning paid by the strata, 24 hr reception, room service and concierge, gymnasium located on the 5th floor, in house cafe, restaurant & bar entertainment facilities

Current yearly returns are $43,437 per annum.

*Disclaimer, figures change from month to month, they will go up and down depending on the demand for hotel accommodation and are not to be relied upon.

A great opportunity for investors looking for a "Set & Forget" hassle free investment.

This fabulous apartment will not last long on the market.

PLEASE NOTE: These apartments are for investors only and are not available for owner occupying or private leasing.

All information provided (including but not limited to the property's land size, floor plan and floor size, building age and general property description) has been obtained from sources deemed reliable, however, we cannot guarantee the information is accurate and we accept no liability for any errors or oversights. Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement can be inspected at our office for 3 consecutive business days prior to the auction and at the auction for 30 minutes before it starts.