SOLD
Sold on 18 Oct 2023 for $410,000

604/16 Holdfast Promenade
Glenelg SA 5045

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Land area: 86m2
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Property Details for 604/16 Holdfast Prom, Glenelg

604/16 Holdfast Prom, Glenelg is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 86m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 1 bedroom Unit sold in Glenelg in the last 12 months.

Building Type
Unit
Year Built
2002
Floor Size
54m2
Land Size
86m2
Local Government
Holdfast Bay
Lot/Plan
F604/C21562

Last Listing description (October 2023)

You can wade in Glenelg's warm waters one minute and watch the Bay Sheffield from your balcony the next, you can only be in once place?

Welcome to your very own one-bedroom suite on the 6th floor of the Oaks Plaza Pier ? your own all-access pass to the best beachside pocket of Glenelg or the savvy investment you've been searching for.

1. Lap up the hotel life and those unique perks that come with it ? including pool, sauna and gym access, concierge service and secure a onsite car park, just seconds from sand and summer-loving Jetty Road.

2. Hand the keys (and all effort) over to the short term rental management team at the Oaks Pier Hotel Group and let them secure the tenants or a long term tenancy managed by Harris that will keep your cash flow or mortgage ticking over, up to all year round.

3. Have it both ways and manage it for yourself; allowing you to pick and choose to rent it out when you aren't revelling in this beautifully presented apartment all for yourself.

Whatever your choice, it will always come with:
- A deceptively generous floor plan headlined by open-plan living leading to that balcony
- Spacious bedroom with built-in storage and sliding wall to create more openness and sense of space
- Fully equipped kitchen with, gas cooktop and dishwasher
- Separate laundry
- Large bathroom with tub, shower and full-height tiling
- Ducted R/C for year-round comfort
- Intercom for guests/reception
- Key card elevator access
- Onsite cafes, restaurants and bars
- And much more

Specifications:
CT / 5886/871
Council / City of Holdfast Bay
Zoning / UN
Built / 2002
Council Rates / $1,045.00pa
Emergency Services Levy / $136.00pa
SA Water / $145.00pq
Strata Rates / $1,800.00pq
Strata Manager / Whittles
Estimated rental assessment: $450 - $490 per week (written assessment can be provided upon request)
Nearby Schools / Glenelg P.S, Warradale P.S, Plympton International College

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409

Property History for 604/16 Holdfast Prom, Glenelg, SA 5045

A timeline of how this property has performed in the market
Last Sold
$410,000
18 Oct 2023
  • 18 Oct 2023
    Sold for $410,000
  • 22 Aug 2023
    Listed for Sale $385k-$420k
  • 11 Dec 2018
    Listed for Sale $365k
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About 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.
There are currently 5 properties listed for sale, and 5 properties listed for rent in Glenelg on OnTheHouse. According to CoreLogic's data, 152 properties were sold in the past 12 months in Glenelg.

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CENTURY 21 The Bay
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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.