2704/29 Angas Street, Adelaide SA 5000

27th-floor eastern views | Kodo Apartments | long tenancy to 2027 | premium CBD location This apartment occupies a rare position in Adelaide’s CBD market with its high-floor eastern orientation capturing morning light and foothill views, a configuration that commands premium resale interest. The 2019 build quality with Miele appliances, ducted air conditioning, and secure parking positions it well against older CBD stock. The tenancy at $580 per week until February 2027 provides immediate income certainty, making this property particularly suited to investors seeking a turnkey holding with minimal vacancy risk, while owner-occupiers benefit from the luxury finishes and sky garden access. The main risk lies in the 14 square metre lot size, which may limit long-term capital growth compared to larger apartments. The current tenancy restricts immediate personal occupancy, though this also eliminates vacancy costs during settlement. Adelaide CBD’s 18.5 percent suburb growth supports appreciation, but buyers should verify whether the estimated value of $513,000 aligns with recent comparable sales given the limited sales history data. The property’s premium positioning and secure income stream offset these concerns for most buyers.