Property Detail

Pure first class investment – fully furnished, tenanted bed sitter apartment in leafy Walkerville – approx.. 7% pa gross return.

Property Type: residential

Property ID 3852795

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Enjoying beautiful easterly views over the Eastern Suburbs and Mt Lofty Ranges from the sixth floor of the Watson Apartments and adjacent the tree lined Torrens Linear Park. This very smart bed sitter apartment is leased to the Watson Hotel at a current monthly rent of $1766.61 with 4% increases on 16/9/17 and 16/9/18. The current 5 year lease expires 16/9/19.

The apartment is fully furnished with kitchenette and has access to the facility’s gym, pool, café/restaurant and other amenities, as well as being a 2 minute walk to the Walkerville Terrace shopping precinct.

This represents a fantastic investment opportunity with the option of living in the apartment at the end of the current lease or negotiating a lease extension with the Watson Hotel.

Feature

Property Category: ServicedApartment

Property Price: $275,000

Property Location

618/33 Warwick Street Walkerville SA Australia 5081

Agent Detail

Peter Fenwick

Floor Plan

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