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For sale

Apartment2mo

Adelaide CBD | $388K

Adelaide, SA, 5000, Australia

1Bedrooms
1Bathrooms
39 m²Floor size
Map of the surrounding area
Nearest stations
Adelaide
538M (7 mins)
Mile End
1.6KM (19 mins)

Property Features

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

About this Property

The Basics

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. As such, we are thrilled to present this new high-end apartment in the Adelaide CBD. Not only does the affordable price tag offer great value and room for growth, the Cullinan will set a new benchmark for city living in Adelaide. Be part of it.

Due to unforeseen circumstances the purchaser can no longer proceed and asked us to sell their apartment. This is a resale opportunity for someone to snap up and take advantage of.

Stage 1 is scheduled for completion Q3 2024, so you could be living here or making money very soon.

Get in touch and talk to us about investing or living here.


Introducing Adelaide and The Cullinan

Adelaide is now a focus market for us as it represents value and the primary numbers 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 is well underway and stage 1 is scheduled for settlement in Q3 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.

WALKABLE LOCATION:

• 5min Walk to UniSA West Campus, TafeSA
• 8min Walk to Chinatown, Central Market, Adelaide High School
• 9min Walk to Tram Stop
• 10min Walk to University of Adelaide (Medical School)
• 12min Walk to Adelaide Railway Station, Skycity Casino & Convention Centre
• 15min Walk to Rundle Mall


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 709 Investment Profile

Why we like this apartment:

• Great use of space
• Big floor-to-ceiling windows create a sense of light and space
• Lovely outlook with outside entertainment balcony

Contract Price: $387,500
Rental Unfinished: $480pw = 6.4% Yield

Short-term Letting:

You can achieve even more with a furnished apartment in the short-term accommodation program.

Belle Escapes Adelaide can manage your apartment in the short-term letting space with rates at $160 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 apartment 209, The Cullinan with just $2,000 initial deposit and a balance of 10% when unconditional. Settle of stage 1 is scheduled for Q3 2024.

This is ideal for SMSF investors and individuals.

To get started, get in touch.


Disclaimer

We have in preparing this information used our best endeavours to ensure the information that has been provided is true and accurate. The images and renders provided in this listing by the builder are for illustrative purposes only. They may contain fixtures, furniture or finishing not available for this design. Clients need to refer to the building contract for specific details on specifications and inclusions specific to any property. Specifications and inclusions are subject to change over time. Meridien Group does not accept any responsibility for variations to specifications ad inclusions made by the builder. Financial information is an estimate only and is not warranted or guaranteed. Refer to investment reports for specific details.

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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 1 bedroom, 1 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 0 car spot home.

How much is , Adelaide?

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The price of , Adelaide is Adelaide CBD | $388K - contact the agents to find out more.