Positively Geared 2 Bedroom Apartment

Here is an opportunity that your 'Baby Boomer' parents thought could never happen.

Assuming an 80% investment loan at 3.2% and adding the outgoings means that with the rent at $355 per week you will be CASH POSITIVE by $4,250.

Perfectly positioned just off The Parade, Regent Place presents a row of cottages opposite as you reach our apartment nestled at the end of a short cul-de-sac and adjacent to a Council Reserve.

This rear, upper level 2 bedder is accessed via a gentle stairway to a unique covered landing which seconds as a pleasant outdoor area enjoying a roof-top outlook.

The internal fit-out is slick and features polished timber floors and an all-white tiled bathroom/laundry. 50% of the 68m2 space comprises of an open plan kitchen/meals/lounge fitted with a split r/c a/c unit.

Local after-hours entertainment is provided within a short stroll by the Rising Sun Restaurant and The Kensington Hotel and of course the comprehensive facilities along Norwood Parade are just a 5 minute walk away.

The property is leased at $355 per week until January 2022 to an excellent tenant.

Certificate of Title: Volume 6090 Folio 856
Council Area: Norwood Payneham & St Peters
Zoning: Residential Historic (Conservation)
Council Rates: $1,060 p.a.
ESL: $118.70 p.a.
SA Water: $584.72 p.a.
Strata Fees: $2,023 p.a.
Year Built: 1972