CBD Investment Apartment – 502/88 Waymouth Street, Adelaide SA 5000

An outstanding investment or first home, this modern 1-bedroom apartment in the heart of Adelaide’s CBD delivers sleek city living with exceptional rental returns in a prime location.

Property Highlights

• 1 bedroom with built-in robe
• Modern bathroom with floor-to-ceiling tiles
• Compact efficient kitchen with integrated appliances
• Juliet balcony with city views
• Secure building with intercom entry
• Shared rooftop terrace and resident lounge
• Split-system air conditioning
• Currently tenanted at $350/week — vacant possession available
• Strata fees: $650/quarter

Investment Details

Gross rental yield approximately 5.2% at asking price. Adelaide CBD vacancy rates remain below 1.5% — strong demand from students, professionals, and corporate tenants. Walking distance to Rundle Mall, universities, and public transport hubs.

Method: Private Treaty | Asking Price: $349,000 | Inspect: By appointment