603/88 Frome Street, Adelaide SA 5000

Situated in the east side of Adelaide's CBD on the top floor of the building, this well-appointed dual-key apartment offers a unique investment opportunity with immediate income generation and long-term tenant stability. With two separate bedrooms, each complemented by its own bathroom, balcony with double-glazed doors, and built-in wardrobe, the design maximises flexibility and privacy, making it ideal for a range of tenant configurations.

The apartment is fully furnished with every item included in the sale, removing the need for any additional investment in furniture. The property is currently leased to a quality tenant until April 2027, providing uninterrupted weekly rental income of $700. This turnkey solution is especially attractive to investors seeking hassle-free ownership without the typical vacancies or tenant-finding costs associated with rental properties.

The 71 sqm building size within a 76 sqm land footprint offers an efficient and comfortable living space. Included is the added convenience of one secure car parking space. Its central location offers easy access to key city amenities such as Rundle Mall, the East End precinct, Botanic Gardens, and several educational institutions including Adelaide University and Botanic High School.

This property is particularly suited to investors aiming to expand their portfolios with a ready-to-go CBD apartment, SMSF buyers looking for stable returns, or interstate and expatriate purchasers wishing to gain exposure to Adelaide's property market without management complexities. It may also appeal to families purchasing ahead for university-bound children who will benefit from a fully-equipped, centrally located residence.

Overall, this apartment delivers a balanced blend of location, design versatility, and financial efficiency, making it a standout option in a competitive CBD apartment market.