113/255 Hindley Street, Adelaide, SA, 5000, Australia

*Lot 113/255 Hindley Street Adelaide is also known as Room No.244 (on Level 2) with Car park No.114

Set in the vibrant West End precinct, this stylish one-bedroom apartment presents a fantastic opportunity for investors seeking a low-maintenance, high-yield asset in one of the city's most accessible pockets.

Currently managed as a serviced short-stay apartment, it offers excellent rental returns with minimal fuss - the ultimate set-and-forget investment. With trams, trains, buses and taxis at your doorstep, the location couldn't be more convenient for visitors and professionals alike.

Just moments from Rundle Mall, Gouger Street, UniSA City West campus, the Adelaide Convention Centre and Adelaide Oval, this modern, self-contained apartment delivers the perfect mix of comfort, practicality and proximity to the very best of Adelaide.

Property features:
- Fully furnished one-bedroom apartment
- Open-plan living and dining with split system air conditioning
- Well-appointed kitchen with modern appliances and whitegoods
- Stylish bathroom with quality finishes
- Secure swipe card access
- Elevator access via the front foyer and carpark
- Designated on-site car park

Investment highlights:
- Property to be sold with all furniture
- Apartment is in agreement with Accor Hotel Group until May 2031
- Total income from serviced apartment $17,615.04 (approx.) for FY23/24
- Total yield of 7.34% per annum (approx.)
- Revenue fluctuates depending on occupancy rates of the building

Specifications:
CT / 5061/210
Council / City of Adelaide
Built / 1991
Council Rates / $1,217.60 p.a approx.
Strata Rates / $1,371.48 p.q approx.
SA Water / $165.55 p.q approx
Strata Manager / Strata Data

*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.