1313/96 North Terrace

Currently managed by the Oaks Hotels and Resorts, this fully serviced investment offers a genuine 'set-and-forget' opportunity with a guaranteed rental return of $775.00 per week (approx. $40,299.96 per annum). That's an impressive 8% gross yield, making it a solid addition to any portfolio. It gets even better! This property also meets the requirements for Stamp Duty Exemption (Subject to approval from Revenue SA). This is a potential saving of over $20,000! If you're looking to get more adventurous, the flexibility of this apartment offers so many other options. Manage the apartment yourself on a short basis through Airbnb, Stayz & other platforms, choose from a choice of Airbnb companies who can do it all for you, or lease on a long-term tenancy agreement. Looking to move in and enjoy an exciting city lifestyle, this is easily done via 90 days written termination notice. Everything the city has to offer is right at your doorstep! The exciting River Torrens Precinct and Adelaide Oval sit directly opposite, less than 500 metres to the Medical Precinct consisting of the new Royal Adelaide Hospital (RAH), South Australian Health and Medical Research Institute (SAHMRI), South Australian Health and Biomedical Precinct (SAHBP), Uni SA Health Innovation Building (HIB) and the Adelaide Health and Medical Sciences Building (AHMS). First Class restaurants and bars are just a short walk away with gourmet shopping at nearby Central Markets and Gouger Street. Adelaide University, University SA and TAFE are all very close with secondary education zoning for Adelaide High School. Transport options easily accessible with the tram, Adelaide Train Station and major bus stops only a minute away. Perched on the on western side of the renowned Embassy Apartments, this 13th floor apartment boasts breathtaking views over the historic Trinity Church, the daily lightshows at Biomedical Precinct, the vibrant West End, North Terrace, the River Torrens and stunning sunsets over the ocean. Fully furnished and ready to go, this apartment comes with everything you could want as an owner occupier or investor. Designed for easy, low maintenance living, the light filled open plan living layout brings together a sleek kitchen, spacious lounge area and a private balcony via the floor to ceiling glass doors framing the skyline and sweeping sunset views. The kitchen is fully equipped with solid granite benchtops, quality fixtures and fittings, and stainless steel appliances including a 4 burner gas cooktop, electric oven and dishwasher-providing everything needed for easy everyday living and long term tenant appeal. The bedroom offers excellent space, consisting of a king bed with side tables, and includes built in robes and frosted glass for natural light. The bathroom/ensuite has been well designed to maximise space with modern finishes and floor to ceiling tiles. Further features include a European style laundry complete with a washing machine, dryer and basin, ducted reverse cycle air conditioning, excellent security with a swipe card system, intercom and 24-hour reception in the foyer. The Embassy is renowned for its meticulous upkeep, strong management and engaged strata committee. Recent upgrades include designer renovated foyers by Polli Woods, new gym equipment, lift upgrades and more improvements to come. This property represents a compelling investment with strong rental demand and future capital growth prospects in a tightly held, continually improving location. Ongoing development and new infrastructure make it ideal for investors, executive couples, retirees and anyone seeking a secure, low maintenance CBD base. 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. Should this property be scheduled for auction, the Vendor's Statement may be inspected at the Ray White Adelaide City office (2/127 Hutt Street, Adelaide) for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA307896.