Three bedroom home in Adelaide CBD. A Long term investment opportunity!

This townhouse is a great investment opportunity. It is located in the heart of Adelaide CBD and shopping precinct. On the lower level, there is an open plan living and dining area which flows to the kitchen, fitted with stainless steel appliances including dishwasher. There is a laundry too. On the upper level, there are three bedrooms, main bedroom with an ensuite, Walk in robes and balcony.
The Capital City Zoning allows for residential and commercial use.

Existing commercial lease is until 31/7/2022 plus 5 yrs. Tenant pays building insurance and water usage .

This townhouse is located close to everything from buses, tram, shopping prescient, Central Market, Cafes and Restaurants.
Featuring:
• Three bedrooms
• Main bedroom with ensuite and walk in robe
• Ducted Reverse cycle air conditioning
• Balcony

2017 market review is overdue and next market review in 2022, between reviews rent increases 4% annually from 1st August.
Street management: $90 per quarter
Water: $303 p/q
Council: $542 p/q
ESL: $505 Per annum

This townhouse offers perfect investment opportunity. Call Suzanna Paul on 0433 815 582 today and arrange a time to view the property.

Note: Sale of this property will not break the lease. Please consult your advisers in regard to investment advice and current bank lending restrictions

16a Sturt Street ADELAIDE, SA 5000

Sold $528,000
3
2
1
Property Features
  • Townhouse
  • 3 bed
  • 2 bath
  • 1 Parking Spaces
  • Garage
Suzanna Paul
Principal
0433 815 582
Office: 8464 7450. suzanna@meierpaul.com.au
When Suzanna is not being a mother of two, wife and homemaker, Suzanna is the driving force behind her niche boutique agency. Her unwavering will to win for her clients means she can be readily found meeting with them early Saturday mornings over coffee or late evenings, planning the next big open house sale or auction for them!
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