Adelaide

721/61 Hindmarsh Square

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Blue chip opportunity - 8.9% return gross.
If you are looking for a blue chip apartment that screams location, location, location, here It is!

Mantra on Hindmarsh offers investors a blue-chip opportunity to own a boutique apartment within this highly successful development.

This will be a set and forget investment, it is a fully serviced and furnished apartment offering short term accommodation for holidays, leisure and business travel central in the CBD. Fully furnished and professionally managed apartment that offers investment confidence.

As an owner, you can take advantage of up to 14 nights of accommodation in your or a similar apartment at highly discounted rates.

Situated on the corner of level 7 of the Mantra Complex that occupies a privileged position facing Hindmarsh Square Parkland, 721 is essentially a short stroll to the vibrancy and action in the Heart of Adelaide City and Rundle Street. This property is surrounded by commercial offices, shopping destinations, educational institutions, parklands, and more. It is just a short walk to everywhere.

Tastefully decorated, the property comprises 2 bedroom, 1 bathroom and valuable 2 car parks with a living space of approximately 80sqm plus 49sqm of balcony. This immaculately maintained apartment enjoys stunning easterly city and hills views from a huge wrap around balcony. This outside living space is accessible from the living room and the master bedroom. The plan offers plenty of natural light, a large living, dining and kitchen area, a breakfast bar and ample storage space.

The perfect property for the astute investor, with a lease to the Mantra Group offering a current return around 6.4% Net after Hotel Income. (Most residential are at 2.7%) This property that offers strong rental returns where you can sit back and enjoy none off the head aches of residential tenancies. After 10 years with the tax benefits and the high income you could potentially have it paid off. Your biggest problem will be you wish you had brought two.

Monthly Cash flow handout for 2023/24 available on request.

Features that you will love:
- Secure building access with 24/ hour receptionist in reception
- Enjoy the restaurant and lounge right downstairs
- Wrap around balcony offering splendid city and hills view
- Efficient floor plan with open plan living, dining and kitchen with stainless steel appliances
- Spacious master bedroom with views over the city lights
- Floor-to-ceiling height windows that offer an abundance of natural light
- Cabinets providing plenty of storage
- Concealed European style laundry
- 2 car parks on secured basement level that are leased out separately
- Features of the complex include reverse cycle air conditioning paid by the strata, 24 hr reception, room service and concierge, gymnasium located on the 5th floor, in house cafe, restaurant & bar entertainment facilities

Current yearly income return Jan 2023 for 12 months $46,975.40 per annum.

*Disclaimer, Figures change from month to month, they will go up and down depending on the demand for hotel accommodation and are not to be relied upon.

A great opportunity for investors looking for a "Set & Forget" hassle free investment.

This fabulous apartment will not last long on the market.

Are you thinking of purchasing this property as an investment? Speak with our Property Management team on how we can assist you.

All information provided (including but not limited to the property's land size, floor plan and floor size, building age and general property description) has been obtained from sources deemed reliable, however, we cannot guarantee the information is accurate and we accept no liability for any errors or oversights. Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement can be inspected at our office for 3 consecutive business days prior to the auction and at the auction for 30 minutes before it starts.
UNDER CONTRACT