507/16 Holdfast PromenadeGlenelg SA 5045
Property Details for 507/16 Holdfast Prom, Glenelg
507/16 Holdfast Prom, Glenelg is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 720m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Glenelg in the last 12 months.
Last Listing description (February 2024)
Nestled on the coveted fifth floor this self-contained 2-bedroom apartment offers a truly luxurious lifestyle with a multitude of enticing features. Boasting a generously sized balcony that opens to breath-taking water views, it's the perfect setting for savouring sunsets and tranquil moments.
This property also comes with a secure garage, ensuring your vehicle is safely housed. Additionally, for those seeking a lucrative investment, the option of a hotel rent-back arrangement is available. This opens an opportunity for the property to generate income when you're not enjoying it yourself.
The complex itself is a sanctuary of leisure and fitness. Residents can indulge in the delights of a swimming pool and a well-equipped gymnasium, providing a range of activities to maintain a healthy and active lifestyle.
Located on the Glenelg foreshore this apartment enjoys a prime location with immediate access to views and the Esplanade. Moreover, its proximity to the vibrant Jetty Road, Glenelg, makes it effortlessly convenient for a leisurely stroll to cafes, shops, and an array of restaurants. Your social and culinary desires are readily fulfilled.
For those seeking more dining and entertainment options, the nearby Holdfast Shores boasts a thriving restaurant scene that offers a diverse range of culinary experiences. The property's accessibility is further enhanced by its closeness to public transport, including trams with fast access to the CBD.
Not to be missed:
Spacious living areas.
Self-contained laundry.
Large sliding doors to the balcony.
In house restaurants.
Secure entry plus 24-hour reception.
In conclusion, this fifth-floor apartment is a gem of convenience and luxury, offering not only an idyllic and comfortable living space with water views but also the potential for a rewarding return on investment through hotel rent-back.
Whether you're an astute investor or a homeowner, this property encompasses the essence of a relaxed coastal lifestyle combined with urban accessibility.
Don't miss your opportunity to own a slice of paradise in this prime location.
Please contact John or Caitlin to arrange an inspection by appointment.
Further details: John Muscat: 0413 948 938
Caitlin Clarke: 0459 414 271
Council rates / $1079.00 per year.
Strata fees / $2308.00 per quarter.
Property History for 507/16 Holdfast Prom, Glenelg, SA 5045
- 09 Feb 2024Sold for $650,000
- 25 Oct 2023Listed for Sale $620,000 - $660,000
- 09 Dec 2005Listed for Sale $480,000
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0About Glenelg 5045
The size of Glenelg is approximately 1 square kilometres. It has 5 parks covering nearly 6.3% of total area. The population of Glenelg in 2011 was 3,447 people. By 2016 the population was 3,345 showing a population decline of 3.0% in the area during that time. The predominant age group in Glenelg is 60-69 years. Households in Glenelg are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenelg work in a professional occupation. In 2011, 46.5% of the homes in Glenelg were owner-occupied compared with 49.3% in 2016.
Glenelg has 3,445 properties. Over the last 5 years, Houses in Glenelg have seen a 90.64% increase in median value, while Units have seen a 74.80% increase. As at 31 July 2024:
- The median value for Houses in Glenelg is $1,760,833 while the median value for Units is $692,185.
- Houses have a median rent of $650 while Units have a median rent of $550.
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