9/6 Munro Street, GLENELG NORTH

Whether you are looking for an affordable first home in this near-beachside location, or perhaps a great addition to your investment portfolio, this is definitely one to put on your “must see” list.

Situated on the top floor (level two) in a well-maintained group, with great natural light and high vaulted ceilings offering a lovely feeling of spaciousness.

The apartment features a large main bedroom (with built-in robes) plus a second guest bedroom that would also double as a great home-office for those working from home.

The kitchen has been updated and features gas cooking, plenty of cupboards and bench space plus a large north-facing window. The kitchen opens to the living area which overlooks your secure private balcony, a great spot to enjoy a morning coffee and an ideal space for your pot plants and herb garden.

Additional features include:

• Split system air-conditioner to the living room
• Ceiling re-lined and fully insulated
• Floating timber floors to the kitchen and living room
• Carpet to both bedrooms
• Undercover parking for one car

Situated approximately 2km to the beach and 7km to the CBD you are also approximately 150m to the closest bus stop and 500m to your closest Glenelg/City tram stop, making this ideal for those who work or study in the city and enjoy a night out at one of the many restaurants, cafes and pubs in Glenelg. You are also close to some of Adelaide’s best sporting facilities, great shopping centres, public and private schools and all amenities.

For those looking to buy for investment the expected rental return is $440 per week (*) with similar properties in the group achieving in excess of $1,000 per week on a holiday-let basis. Speak to your accountant or financial advisor but this certainly seems to stack up to be a great addition to your investment portfolio.

The current owner is relocating so be quick to avoid missing this affordable opportunity!

RATES AND FEES:
Council rates: $1,256.85 per annum
SA Water – water rates: $78.60 per quarter
SA Water – sewer rates: $86.95 per quarter
Emergency Services Levy: $127.35 per annum
Strata fees: $641.62 per quarter (balance in strata account at 24/10/2024 $35,881.33)
Sinking levy: $184.38 per quarter (balance in strata account at 24/10/2024 $54,254.29)

OTHER INFORMATION:
Council: City of Holdfast Bay
Strata Manager: Stratarama
Year Built: 1970

(*) https://www.cbs.sa.gov.au/documents/form-7-warning-notice.pdf