1603A/160 Grote Street, Adelaide
Rare Two-in-One Investment With Exceptional Returns
High above the city in the modern Central Adelaide Apartments, this dual key residence presents an exceptional opportunity for secure and flexible living or a high performing investment. With two fully self contained dwellings on a single title, the property offers remarkable versatility for multigenerational living, dual occupancy or maximising income from two separate tenancies. Enjoy abundant natural light and a beautiful south east outlook that stretches across the city skyline. Each residence features its own private entrance, kitchen, bathroom, balcony and living space, ensuring comfort and privacy for all occupants. The configuration includes a spacious one bedroom apartment and a well appointed studio, both designed with quality finishes throughout. This property offers excellent income stability with long term tenants already in place, currently generating a combined rental income of approximately $930 per week. Its location within one of Adelaide's most vibrant lifestyle precincts ensures continued demand, with the Central Market, Chinatown, popular cafés, universities and public transport all within easy walking distance. Residents also enjoy premium hotel style amenities including an infinity pool, gym, cinema, billiards room and rooftop entertaining spaces, adding to its ongoing appeal for occupants and investors alike. - Versatile dual key configuration with two fully self contained residences - Long term tenancy in place creating secure ongoing rental income - Two high quality kitchens: stone benchtops, ample cabinetry - Stainless appliances, gas cooktops, tiled splashbacks, dishwashers - Two deluxe, fully tiled bathrooms featuring wall-hung vanities - Ducted reverse cycle air conditioning - Secure FOB building access - Premium facilities: gymnasium, infinity pool, cinema, billiards room - Within walking distance of all city attractions and public transport - Walk to city universities - Zoned for Adelaide High School and Adelaide Botanic High School Photos for illustration purposes only RLA 326078
Get to know the area.
Shaking off its sleepy town vibe, Adelaide City has been busy transforming itself into a vibrant, creative and sophisticated metropolis. Famous for its annual events, festivals, arts and culture scene, it offers all the benefits of big-city living with a refreshingly laid-back feel.
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