33 Warwick Street, Walkerville
Price: Contact Agent
Outstanding opportunity for investors/ residential Apartment - Property ID: 787266
The Watson Apartments
Close to city overlooking River Torrens and views to sea or hills set in prestigious suburb of Walkerville.
Luxury Investment/ Residential, Close to CBD and North Adelaide.
Fabulous 7% return on your investment with approx $2500 outgoings per annum which adds up to one of the best in Adelaide.
Frequently Asked Questions:
*What is the return- 7% return on all apartments with 5*5*5*5 years lease?
7% return on the purchase price for all the hotel and office in the Watson 5*5*5*5 (25 years leasing) with 4% increase each year.
*What outgoings do owners need to pay? How much?
The owner's corporation fees will be around $650 per annum.
Water rates: approx. $200 per annum
Emergency Services Levy: approx. $190 per annum
Land Tax: approx. $500 per annum
Council Rate: approx $600 per annum
Total: approx. $2200 to $2500 per annum depending on the room size.
How much is the stamp duty?
Stamp duty can be access based on the purchase price.
$5000 for each apartment renew to pay every 5 years. For hotel apartments it's a automative renew fixed 25 years 5. 4% return increase every year?
Any selling points?
Long lease for hotel and retail leases. 5 star establishment in prestigious suburb of Walkerville.
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