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603/88 Frome Street, Adelaide, SA 5000 Sold
603/88 Frome Street, Adelaide, SA 5000 603/88 Frome Street, Adelaide, SA 5000-Image 603/88 Frome Street, Adelaide, SA 5000-Image 603/88 Frome Street, Adelaide, SA 5000-Image 603/88 Frome Street, Adelaide, SA 5000-Image 603/88 Frome Street, Adelaide, SA 5000-Image 603/88 Frome Street, Adelaide, SA 5000-Image 603/88 Frome Street, Adelaide, SA 5000-Image 603/88 Frome Street, Adelaide, SA 5000-Image 603/88 Frome Street, Adelaide, SA 5000-Image 603/88 Frome Street, Adelaide, SA 5000-Image 603/88 Frome Street, Adelaide, SA 5000-Image 603/88 Frome Street, Adelaide, SA 5000-Floorplan

603/88 Frome Street, Adelaide, SA 5000

$520,000

Apartment
Type
2
Bedrooms
2
Bathrooms
1
Parkings
76 m²
Area

Last updated on Monday, October 12, 2026 ( See property details for 603/88 Frome Street, Adelaide, SA 5000)

$520,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A fully furnished, dual key CBD apartment with secure parking, currently leased until 2027, offering a turnkey investment opportunity with flexible living options.

🏡 Property Highlights

  • Fully furnished, move-in ready apartment with no additional setup costs
  • Dual key design offering flexible living and rental options
  • Currently tenanted with a lease until April 2027, ensuring immediate income
  • Top floor level 6 position with east-side CBD views
  • Prime location within walking distance to Rundle Mall, East End, and parklands
  • Secure car space included for added convenience

✨ Key Features

  • Balcony
  • Built-in Robes
  • Garage / Secure Parking
  • Open-Plan Living
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Ensuite
  • Home Office / Study

Adelaide CBD offers vibrant city living with excellent walkability, proximity to shopping, dining, and cultural attractions. The area features beautiful parklands, educational institutions, and a strong rental market, making it ideal for investors and residents alike. Its central location ensures easy access to public transport and lifestyle amenities. The neighbourhood combines urban convenience with a lively, cosmopolitan atmosphere. Perfect for those seeking a low-maintenance, high-yield investment or a dynamic city lifestyle.

Is the apartment fully furnished and move-in ready?
Yes, the apartment is fully furnished, allowing for immediate occupancy or rental income without additional setup.
What is the current lease term and rental income?
The apartment is leased until April 2027 at a weekly rent of $700, providing stable, ongoing income.
Does the apartment have dual key functionality?
Yes, the property features a dual key design with two separate bedrooms, each with its own bathroom and balcony, offering flexible living and rental options.
What are the key features of the apartment?
The apartment includes a balcony, built-in robes, secure parking, open-plan living, waterfront views, security screens, fly screens, NBN readiness, an ensuite, and a home office/study.
What are the benefits of this investment for buyers?
This property offers immediate, uninterrupted income, zero furniture costs, no vacancy gaps, and minimal re-letting or tenant-finding expenses, making it ideal for investors seeking a turnkey solution.
Are there any upcoming strata or body corporate fees or special levies applicable to this apartment? Have there been any recent repairs or renovations that could incur future costs? Are there any restrictions or easements affecting the property? What are the zoning regulations and potential development restrictions in this CBD location? Is the property located in a flood or bushfire-prone area? Are there any planned construction or development projects nearby that could impact the property? What are the strata or body corporate management arrangements and fees? Are there any noise or disturbance issues from neighboring properties or ongoing construction? Has the property been inspected for structural issues or defects? Are there any additional costs associated with the lease or tenant management?

603/88 Frome Street, Adelaide, SA 5000 - More Details

$520,000

Please contact Baz Rampal from Magain Real Estate for all your property advice.

Adelaide's CBD has dozens of apartments on the market right now. Most need work, most need furniture. This one is ready to go the moment you get the keys. Fully furnished, top floor, and built for flexibility.

603/88 Frome Street is a true dual key apartment. Two completely separate bedrooms, each with its own bathroom and built in wardrobe, plus a light filled living room that opens onto the balcony through double glazed doors. That layout is genuinely rare in the CBD, and it is what makes this one so versatile.

Set it up however suits you
- Live in one side and rent or short stay the other
- Run it as a fully furnished short stay and tap into Adelaide's event calendar. Fringe, Festival, WOMADelaide, Gather Round and the Adelaide 500 all pull visitors into the city, and the 500 circuit runs in the east parklands right on your doorstep
- Buy ahead for a son or daughter heading to uni. It is walking distance to Adelaide University and Botanic High, and it is already furnished so they can move straight in
- Add a low maintenance, turnkey apartment to your portfolio

What you are buying
- 2 bedrooms, 2 bathrooms, 1 secure car space
- Fully furnished, every item stays
- Dual key layout for maximum flexibility
- Balcony off the living room with double glazed doors
- Level 6, top floor, east side of the CBD
- Walking distance to Rundle Mall, the East End, Botanic Gardens, Adelaide Uni, Botanic High and the parklands

Why this one stands out
- Zero furniture spend, ready to live in or rent from day one
- Real flexibility, you can live, lease, or short stay
- Proven rental performance, it has rented at $700 per week
- Right in the heart of everything the CBD has to offer

The numbers
- Long stay rent achieved $700 per week, with short stay upside to explore
- Strata approx $2,400 per quarter
- Council approx $1,900 per annum

Disclaimer: All floor plans, photos and text are for illustration purposes only and are not intended to be part of any contract. All measurements are approximate and details intended to be relied upon should be independently verified.
Magain Real Estate | RLA 222182
Type
Apartment
Bedrooms
2
Bathrooms
2
Parkings
1
Area
76 m²
House Size
71 m²

Map & nearby places — 603/88 Frome Street, Adelaide, SA 5000

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

We do not hold a school zone outline for this address. That does not mean it has no zoned school: use the education department’s school finder to check.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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