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618/33 Warwick Street,
Walkerville 5081, South Australia

1 bedroom
1 bathroom
Unit

Price withheld

Property details

An Investment not to be missed!

Team McDevitt and Ray White Walkerville are excited to present this outstanding hotel room investment opportunity. Situated in the prestigious Walkerville suburb, The Watson hotel complex exudes contemporary sophistication and offers a plethora of unanticipated advantages. This hotel room is perfect for astute investors aiming to diversify their property holdings and serves as an excellent entry point for first-time buyers beginning their real estate journey.

The Watson is located within Adelaide's premiere retail precinct, is easily accessed by public transport, and is just a short drive from the CBD with parks, boutique shops, cafes, restaurants, and local shopping all just a short stroll away. Only 6km from the CBD, North Adelaide, Adelaide Oval, and the Festival Theatre.

The average gross return for a Studio Suite for the 22/23 Financial Year was $51,577.33 approximately. This gross return is subject to the costs, expenses and commissions outlined in the Accor holiday letting agreement. Average expenses were $20,824.51 resulting in an average net return to owner of $30,752.82.

Accor provides an expanded array of services for both you and your investment property, encompassing round-the-clock on-site management, exclusive benefits tailored to apartment owners, and a committed Owner Relations team. Accor will oversee your asset and offer multifaceted support and assistance. As an owner of an Accor Apartments & Leases property, you will enjoy a complimentary membership in their partnership program, offering an impressive array of discounts and rewards at select Art Series, Peppers, Mantra, and BreakFree Retreats, Resorts, and Hotels across Australia, New Zealand, Indonesia, and Hawaii. Additionally, property owners under the management of Accor Apartments & Leases now have the opportunity to access significant savings on hotel rates at participating Accor properties throughout the Asia Pacific region by simply visiting the AccorHotels.com website.

Features include;

• Studio suite hotel room with hills views
• Average gross return of approximately $51,577.33 based on 22/23 financials
• Well maintained
• Ideal for short-term letting / Airbnb
• Full kitchen facilities
• Separate bathroom
• SPlit system A/C
• Swimming Pool
• Gym
• Sauna
• Outdoor BBQ areas

Strata | $850 per quarter approx
Council $1,000 per year approx

For future information in relation to this investment opportunity, please get in touch with our friendly agents to discuss further.

Liam McDevitt 0430 501 122
Jessica Buckmaster 0479 113 389

Explore the area

Static map image for property View in Google Maps

School catchments

  • Walkerville Primary School Primary R-6 Government 0.40km
  • St Andrew's School Primary R-6 Independent 0.55km
  • Wilderness School Combined R-12 Independent 0.83km
  • St Monica's Parish School Primary R-6 Catholic 1.0km
  • East Adelaide School Primary R-6 Government 1.3km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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