502/16 Holdfast Promenade, Glenelg SA 5045

Inspections by Appointment only.

Perched on the 5th floor with fabulous views over Colley and Wigley Reserves with the Mount Lofty Ranges as a backdrop. Complete with a private balcony and allocated car park.

RECENTLY REFURBISHED to the tune of $20,000, this apartment is currently leased back to the Oaks Glenelg Plaza Pier Suites and has shown a return of 5.99% over the past 12 months. This is (nett after rates and taxes) including Hotel Management (13.2% Incl GST), Rates and Community Title Fees. Annual revenue has been over $66,000 with an occupancy rate of 90% for this period.

Alternatively, you could enjoy a carefree live-in lifestyle with all the benefits on offer such as bars and restaurants, plus the indoor lap pool, heated spa, sauna and gym (all on level 2) and a cozy little gaming room if you enjoy a flutter.

Tram it to the City, or just enjoy the bustling Jetty Road precinct with all its restaurants and cafes at your fingertips. No need for a car. You have a myriad of options here.

Anyway you look at this offering, it's got to be a sound investment for the long term.

Specifications:
CT / 5886/837
Council / City of Holdfast Bay
Council Rates /$1,104.20pa
SA Water / $586.60pa
ES Levy / $101.50pa
Admin Fee / $6,596pa
Sinking Fund / $328pa

Gary J Smith
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RLA 150557