Property ID: 1P4651

605/185 Morphett Street Adelaide SA

$270,000 - $280,000
  • 1
  • 1
  • Apartment
  • For Sale
  • 63 sqm
"Show Me The Money" - (approx) 7.5% Gross return!!!
This contemporary apartment of approximately (63sqm) is ideally located in the popular market precinct and is a hassle free investment as it is currently leased back with the Oaks Hotel Group on a periodic agreement and returning $1,690.00 gross per month.

Conversely if you are looking for a trendy city pad in an exciting location in which to live in then all we need to do is to give 3 months notice to the Oaks management for vacant possession?

The Why To Buy:-)

* Generous sized bedroom with built in robe

* Spacious open plan living, dining and kitchen area

* Modern kitchen with dishwasher and gas cooking

* Sparkling bathroom

* Separate laundry

* Secure video intercom access

* Reverse cycle air conditioning

* Large all-weather balcony with city views

* Access to indoor heated lap pool, spa, sauna and steam room

* $1690.00 Gross monthly rent, that's around 7.5% gross return!

* The perfect city pad or hassle-free investment!

A great location being just a 2 minute walk to vibrant Gouger Street, Chinatown, Central Markets and with Public Transport just outside. Zoned for both of Adelaide's in- demand Public High Schools as well as close to Universities & Hospitals!

Approximate Quarterly Fees

Strata Rates $1,042.00
Council rates $375.00
Water Rates $185.00

For any further information please contact, Andrew Downing, The City Specialist on 0404 882 311 or Chris Xu on 0433 770 616.

Enquiry Form