The Ultimate Low Risk Investor?

A rare investment with an income stream of up to 9 more years.

Please note: This is a long-term investment, not suitable for owner-occupiers.

The apartment is set in the Iconic “Greenways” complex and leased back to Greenways Serviced Apartments for 5+5 years (last entered into in 2022)
The apartment is leased @ $262 per week (CPI increases apply). So why is it such a great investment? Well unlike a typical residential rental property this investment has NIL VACANCY… income 52 weeks of the year… NO management fees…NO letting fees and NO basic maintenance fees
Perfectly positioned on the ground floor this apartment is super neat and upgraded. 1 good sized bedroom with lots of natural light, big separate lounge (currently utilized as a studio bedroom), “as new” kitchen with lots of storage and gas cooking, impressive bathroom complimented by floor to ceiling tiles, semi frameless shower allocation and freestanding vanity, neutral décor and a split system air-conditioning to keep you comfortable.
Purchase with your superannuation, the perfect low stress low touch 1st investment property or the ideal addition to balance out your existing portfolio. No matter what your circumstances are you need to look at this one.
Situated in North Adelaide, enjoy not only the secure income but the peace of mind that your investment will be well looked after with the capital growth of this highly sought after CBD fringe suburb.

It’s a no brainier investor.

Outgoings:
Strata fees: $506.32 P/Q
Council rates: $314.42 P/Q
Water rates: $142.10 P/Q
ESL: $154.05 P/A

Property ID: 1207695