1015/6 Penaluna Place, Adelaide SA 5000

# Best Offer by 1pm, 28th October (USP) #

Positioned high above the vibrant heart of Adelaide, Apartment 1015 presents an exceptional investment opportunity in one of the city's most desirable and convenient locations. Perfectly situated opposite the iconic Adelaide Central Market and just moments from Victoria Square, this contemporary residence combines an unbeatable CBD address, spectacular panoramic views and impressive income potential of approximately $45,000 per annum, representing a potential gross rental return exceeding 7% based on the anticipated purchase price.

With its prime location, strong accommodation appeal and excellent accessibility, this is an outstanding opportunity for investors seeking attractive rental returns, long-term growth potential and a low-maintenance property in the heart of Adelaide.

Thoughtfully designed to maximise space and functionality, the apartment offers a contemporary open-plan living and dining area, stylish kitchen, generous bedroom and private covered balcony. Its elevated position captures sweeping views across Victoria Square towards the Adelaide Hills, creating a wonderful sense of openness above the bustling city below.

Residents also enjoy access to excellent lifestyle facilities, including a fully equipped gymnasium, resident retreat and outdoor barbecue terrace. Combined with secure building access and the convenience of having Adelaide's finest dining, shopping and transport options at the doorstep, this residence delivers the perfect balance of comfort, lifestyle and investment appeal.

Property Features
- Elevated Level 10 position with panoramic views across Victoria Square towards the Adelaide Hills
- Prime CBD location directly opposite Adelaide Central Market
- Potential annual rental income of approximately $45,000
- Attractive gross rental yield potential exceeding 7%
- Over 50sqm of combined indoor and outdoor living space, including a private covered balcony
- Light-filled open-plan living and dining area
- Contemporary kitchen featuring premium BOSCH appliances, stone benchtops and stylish timber-look cabinetry
- Stylish tiled splashback and under-cabinet LED lighting
- Generous bedroom with built-in wardrobe
- Modern fully tiled bathroom and convenient European laundry
- Split-system heating and cooling for year-round comfort
- Secure building entry with intercom and lift access
- Exclusive resident gymnasium and retreat/lounge
- Outdoor barbecue and entertaining terrace
- Low-maintenance, lock-and-leave city living
- Excellent appeal to professionals, students and city-based tenants

Location is everything, and this apartment delivers one of the most convenient addresses Adelaide has to offer. Positioned directly opposite the iconic Adelaide Central Market and within moments of Victoria Square, residents can enjoy the very best of city living without relying on a car. From world-class dining and fresh produce to shopping, universities, employment hubs and public transport, everything is within easy reach.

- Adelaide Central Market: Directly opposite, offering an incredible selection of fresh produce, specialty food stores and vibrant market experiences.
- Victoria Square: Just moments away, connecting residents to Adelaide's central business district, civic precinct and tram network.
- Gouger Street & Chinatown: A short stroll to some of Adelaide's most celebrated restaurants, cafés and cultural attractions.
- Universities & Education: Convenient access to Adelaide University campuses, UniSA facilities and TAFE SA.
- Public Transport: Excellent tram and bus connections, with convenient access to Adelaide Railway Station.
- Shopping & Entertainment: Easy access to Rundle Mall, boutique shopping, entertainment venues and Adelaide's thriving hospitality scene.

With such an outstanding central location, the apartment offers exceptional everyday convenience and broad appeal to both short-term visitors and longer-term residents.

For investors, Apartment 1015 represents much more than a modern one-bedroom residence. It offers an opportunity to secure a well-positioned asset in the heart of Adelaide, where convenience, accessibility and lifestyle remain key drivers of accommodation demand.

With potential annual rental income of approximately $45,000 and an attractive gross yield exceeding 7%, the property presents a compelling proposition for income-focused investors seeking to maximise their returns.

The apartment's manageable size, contemporary finishes, premium resident facilities and highly desirable location further enhance its appeal as a low-maintenance investment.

Whether you are expanding an established property portfolio, entering the investment market or seeking an income-generating CBD asset, this is an opportunity worthy of serious consideration.

Do not let this exceptional opportunity slip away! so we encourage you to register your interest promptly to secure your chance to own this remarkable home. Contact Marco Lai 0433 733 368 or Sumit Khatri 0433 577 970 for any further information.

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice.

RLA307896

Type

Apartment

Bedrooms

1

Bathrooms

1

Area

52.0m²