Stylish one bedroom, fully furnished fifth level apartment under a hassle- free investment scheme, offering short stay, business, leisure & holiday accommodation situated in the heart of Adelaide's CBD. Close to vibrant Rundle Street, Adelaide Botanic Gardens, The University of Adelaide and Annual Fringe Festival Zones. This property is operated by Mantra Group under a Community Title Managed Investment scheme, registered under the Corporations Law and governed by the Constitution. The owner/Investor must make the property available to the Hotel Operator to generate the revenue. After all the expenses and withholding to repair and maintenance reserve, the net income is distributed to Owners of the properties in accordance with their Unit Entitlements. Property Features: - Spacious Bedroom with Built in Robe. - Modern Kitchen with a 2-burner electric cook top and a dishwasher. - Spacious open plan living with private Balcony. - Reverse cycle air conditioning. - 24 hour Reception, room service and concierge. - Gymnasium located on the 5th Floor. - In House Caf, Restaurant & Bar entertainment facilities. - Average returns over last 2-year period around $14,800 per annum (Figures are approximate). - A great opportunity for astute investors looking for a hassle-free investment. The Owners can enjoy 14 Days Free Accommodation per Financial Year (GST & service fee applies). All enquiries welcome. PROPERTY INFORMATION: Certificate of Title: 5888/859 Council Rates: $1,715 per annum (approx.) SA Water Rates: $562.00 per annum (approx.) Emergency Services Levy: $295.00 per annum (approx.) Strat Rates: $3,344.00 per annum 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 inquiries and obtain their own legal advice. RLA: 262481
