Two Bedroom & One Bath Australian Apartment - Flat - Ref 585914
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Apartment/Flat Description
Presenting "Spire" - a unique opportunity to own an apartment in Adelaide's tallest residential building.
There are a select few who possess the vision, resources, and the opportunity to live in Adelaide’s tallest residential building. A fortunate few are assured, not only of unparalleled luxury but also of a place in history and in Adelaide’s future.
Spire, soaring 35 levels into the sky and set in the heart of the Adelaide CBD and inside the GPO’s $600 million redevelopment, marks the pinnacle of city living. This resort styled development when completed will boast expansive views to the ocean and stunning city views to the north. Spire will re-define the Adelaide horizon forever.
Secure your Spire Apartment now with a 10% deposit and no more to pay until completion in 2011!
Located on Bentham St in the heart of Adelaide CBD, Spire will comprise of 1, 2 and 3 bedroom apartments which will appeal to both owner-occupiers looking for a unique city residence, as well as white-collar tenants wishing to live, work and play in the heart of the city, with every imaginable amenity on the doorstep. The finishes of the development will be exceptional in design and quality, which will make this the city address you desire.
The pre-construction price points are competitive allowing strong potential for capital growth with completion not until mid 2011. The one-bedroom apartments start in price from $412,000 AUD and the 2-bedroom apartments start in price from $480,000 AUD.
Strong Rental Demand and Capital Growth Potential!
The vacancy rate for metropolitan Adelaide has tightened to 1.61% in March, according to the Real Estate Institute of South Australia. Anything below 3% indicates a severe undersupply of rental accommodation.
The vacancy rate for Adelaide CBD and North Adelaide however is less still and sits at an extremely low 0.89%. This is positive news for investors as rents continue to rise and, combined with falling interest rates, many investment properties are now cash-flow positive.
Adelaide is currently Australia's most affordable city and there is plenty of room for capital growth over the next few years. According to the REISA, the median unit and apartment price in Adelaide experienced growth of 11.51% for the quarter to $365,000, which is a healthy 7.61% of capital growth over the past year. Combined with a vacancy rate of just 0.89%, Adelaide inner city units and apartments are proving to be a reliable investment option for purchasers.
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€239,149 | £200,000 | US$315,413 (Currency and Foreign Exchange services supplied by  )
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| Type |
Apartment/Flat |
| Bathrooms |
1 |
| Bedrooms |
2 |
| Category |
Off plan |
| Listed |
over 1 year ago |
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Innovative investment strategies offering 25% annualized returns regardless of market conditions
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Price: £200,000
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