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David Brown
+ 61 0422241522
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For sale

Apartment11mo

$751,000

Adelaide, SA, 5000, Australia

2Bedrooms
2Bathrooms
1Carspots
73 m²Floor size
85 m²Land size
Map of the surrounding area
Nearest stations
Adelaide
670M (9 mins)
Mile End
1.2KM (14 mins)
Adelaide Showground
1.9KM (23 mins)

Property Features

  • Gym
  • Pay TV
  • Balcony
  • Ensuite
  • Intercom
  • Broadband
  • Dishwasher
  • Outside Spa
  • Floorboards
  • Built-in Robes
  • Pool In-Ground
  • Air Conditioning
  • Reverse Cycle Air Con

About this Property

Introducing Adelaide and The Cullinan

The Meridien Invest team has been looking for new investment opportunities for our clients that will deliver both high yields and are positioned for strong growth.

Adelaide is now a focus market for us as it represents value and the primary numbers really stack up. Plus, it is very affordable which opens up the opportunity to invest to more of our clients. Adelaide offers people an appealing lifestyle and is in No. 3 spot as the World's most liveable city. Affordability and appeal, mean more people choose to live here and that is going to underpin both rental and resale demand.

Meridien is an approved agent for The Cullinan apartment project in central Adelaide and we have exclusive incentives for our clients.

The Cullinan is a unique, prestige project in an outstanding location. Construction has commenced and there are still some good apartments available at prices that will prove to be exceptional value. Completion is scheduled for Q1 2024.


A Six Star Location

We love this central location. The very best of Adelaide is an easy walk. The lifestyle of this location will appeal to everyone, with parks, markets, cafes, restaurants, and more literally a block or 2 away.

The Cullinan is close to some of Adelaide's best schools plus the University of South Australia.


A Six-Star Luxury Project

Luxury is built into the apartments and the shared spaces.

The styling in apartments is top-shelf and has the latest designer finishes. There are timber floors, a designer kitchen with Miele appliances and Caesarstone benchtops, floor-to-ceiling windows, and more.

First impressions are lasting, and when you open the door to your new apartment, you are going to be impressed.

The building's architecture and resident facilities are impressive.

This is a project that you will be proud to be part of.


Plus Six-Star Facilities

An inner-city sanctuary for the people that call The Cullinan home.

- Indoor pool
- Rooftop garden
- Resident's deck with bbq and bar
- Security
- Gym
- Touchless controls
- Mobile-enabled controls

Smart and stylish to make life enjoyable and easy.

Plus, check out the automated valet carpark!


Investment Advantage

Adelaide opens up new opportunities for our clients with lower entry costs and attractive yields.

The Cullinan prices are very accessible for individuals and SMSF clients. The project is unique and very appealing - yet affordable.

Whether investing in a studio, 1 bedroom, or larger apartment, your property will be at the top of the list for qualified, quality tenants as it is such a great place to live. More appeal = more demand = higher yields and a better investment. This is a winning formula.

Yields are impressive and demand in this market is well beyond supply.


Apartment 612 Investment Profile

Why we picked this apartment:

- Great use of space
- Big floor-to-ceiling windows create a sense of light and space
- Nice outlook

Contract Price $731,000
Rental Unfinished $720pw = 5.1% Yield

Furnished $750pw (furniture packages being developed. Estimated cost = C$10k)


Short-term Letting

Belle Escapes Adelaide can manage your apartment in the short-term letting space with rates at $250 per night for fully-equipped apartments.

We can evaluate the best management options for you closer to completion.

Belle Property in Adelaide is our partner for property management and will provide Meridien Invest clients with top-class service and a good fee structure.


Outgoings Estimates

Strata Fees $35.33pw
Council Rates $250/qtr
Water Rates $140/qtr


How to Invest

Secure your choice of an apartment at The Cullinan with just $2,000 initial deposit and a balance of 10% when unconditional. Settle on completion in Q1 2024.

This is ideal for SMSF investors and individuals.

To get started, get in touch.
Avatar of D. Click to visit the profile.

David Brown

Meridien Group
+ 61 0422241522
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More Details on , Adelaide SA

How many bedrooms and bathrooms does , Adelaide have?

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, Adelaide is a 2 bedroom, 2 bathroom apartment.

Who is the agency that listed , Adelaide?

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The agency who listed , Adelaide is Meridien Group - you can contact the agents here.

How many car spots does , Adelaide have?

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, Adelaide is a 1 car spot home.

How much is , Adelaide?

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The price of , Adelaide is $751K - contact the agents to find out more.