10/107 Grote Street, Adelaide, SA 5000

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For sale

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RARE FIND Townhouse In Adelaide CBD, High Rental Yield Potential

Multiple-level townhouse featuring a very functional layout that will not only provide a convenient comfortable lifestyle but comes with the bonus of a high rental yield (up to 6% per annum) for the investors. This property and location are ideally suited for professionals looking for a lock-up and leave city lifestyle, investors looking for a good cash flow & solid return, or for families looking for the ideal place to call home within the Elite school catchment (Adelaide High and Botanic High School).


Supremely Located in the heart of the city offering the convenience of many popular restaurants and cafes for fine dining and entertainment. Only a stone’s throw to the famous Central Market for all your fresh produce and thriving Chinatown, you will have everything you need at your fingertips.

With public transport at your doorstep your only minutes to the University of Adelaide, University of South Australia, and many other city facilities including Botanic Garden, National Library, Art Gallery, and the Adelaide Oval. For the families you even have the zoning for some of Adelaide’s elite top-ranking schools, including Adelaide High and Botanic High Schools (dual catchment).


Walking into the 3-level townhouse you will immediately appreciate the clever functional layout.

The Ground level consists of a lock up garage to keep your car secure which provides internal access to the master bedroom suite with ensuite. The Second level provides 2 spacious bedrooms providing privacy by each having their own bathroom and built-in robes. The Third level completes the home with an open plan living/dining area offering a generous space with an inviting entertainer’s island bench and modern kitchen. Not to be missed and alongside this entertainer’s space is the bonus of an extra study or 4th bedroom. This bedroom then leads to a private balcony perfect for the summer nights, with city views to complete the package.


Features we love:

• Supreme location offers the most convenient lifestyle

• Previously tenanted generating a total rental of $700 per week.

• Current rental estimation for a standard lease agreement of $600 per week.

• Extra Security by a gated entry to the complex

• Modern Kitchen with island bench, stainless steel kitchen appliances, double sink and ample cabinetry for storage

• Very Functional & flexible layout good for communal living with privacy

• High rental yield potential

• City Views


This rare find opportunity is sure to attract a lot of interest so please do not hesitate to call and register your interest.


Year Built- 2004

Building Area: 151 sqm(app)

Council rates: $497.45/quarter (app)

Community Fees: $355 / quarter (app)


We are trying our best to strive for the accuracy of the information obtained above but details have been sourced from third party sources. Thus, all interested parties should seek independent advice and carry out your own due diligence.

Jacky ye yang raine horne real estate unley.profile
Director & Sales Agent
Sophie 2 internet new.profile
Sales Agent

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Inspections:
  • Sat October 23 at 10:00AM to 10:30AM
Property Info:
  • Property ID: L13913685
  • Property Type: Townhouse
  • Building / Floor Area: 151 sqm
  • Garages: 1
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R&H Suburb Profile: Adelaide

R&H Suburb Summary Houses
Number of sales 103
Average Price $776,386
Median Price $700,000
Median Rental Price $460 p.w.
Change in Rental Rate (5yr) 2 %
R&H Suburb Summary Units
Number of sales 540
Average Price $575,291
Median Price $446,500
Median Rental Price $440 p.w.
Change in Rental Rate (5yr) 5 %
Adelaide, SA - Median Trend
$700,000