408/61 Hindmarsh Square, Adelaide.
Prime Investment Opportunity: High Returns, Hassle-Free, Out-standing Location
Prime commercial investment opportunity at entry level – stamp duty exempt! Please note this property is under the management of Mantra Hotel Group and NOT for residential living. Mantra on Hindmarsh is ideally located in the CBD and suitable for astute investors and self managed super funds. It runs as a managed investment fund and collects revenue in a pool. This makes sure cash distributions are received each month even though the apartment was not occupied. In other words, start earning money straightaway without worrying about tenancy issues. This hassle-free investment is a studio apartment on the 4th floor, with a total area of approximately 39 sqm. Total cash distribution received for 2022/2023 financial year = $17,158.51. Outgoings for 2022/2023 are: - Council Rates of $1,544.65 p.a. - Water Rates of $586.60 p.a. - ESL of $258.40 p.a. - Strata levy of $2,416 p.a. - Repairs & maintenance – no such thing ever! - Agent commission fee – also no such thing ever! Looking to invest for long term cash flow gains? The current owner bought this apartment in 2010 and has already received over $176k in cash (including the tough COVID years)! The owner is also entitled to 14 days "free accommodation" per year. Please enquiry if you are interested. RLA 326078
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