$355,000

1

1

South Yarra Splendour…

Offering a huge rent of $460 per week, this generous fourth floor one bedroom apartment of 41 square meters in the boutique Quest on Chapel complex situated in the heart of trendy South Yarra on Chapel Street.

Recently refurbished with upgrades including new carpets, kitchen joinery, new cooktop, oven and rangehood, new bath and bathroom tapware there is nothing for the new owner to do for years to come.

The newly furnished lounge leads to a north facing balcony offering views along Chapel Street.

Only 3 kilometers from Melbourne’s CBD and conveniently located within minutes walk to Chapel Street’s retail shops, quality restaurants, cafes and bars, it is also within close proximity to South Yarra train station and trams run from your front door. There are many options for short trips to the iconic MCG, Tennis Centre and AAMI Park, the Royal Botanic Garden, the Arts Centre or Prahran Market.

Leased to the Quest Group until March 2020 with further options.

NB: THIS IS FOR THE ASTUTE INVESTOR ONLY. NOT FOR OWNER OCCUPATION.

Current Rent: $23,982 pa (Effective March 2017)

Rent Increase: Annual 4% rental increases between market reviews

Return: 6.5% (Gross)

Options: 1 x 5 year options

Tenant Pays:
Owners Corporation Fees
Insurance
General maintenance
Water usage

Owner Pays:
Council rates: $1,100 pa (Approx)
Water rates: $514 pa (Approx)
Sinking fund: $1,199 pa (Approx)

For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.

M: 0438 557 885
P: (03) 9682 6222
E: nick@kingsfordproperty.com.au

Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent

402/651 Chapel Street, SOUTH YARRA

$355,000

1

1

Description
South Yarra Splendour…

Offering a huge rent of $460 per week, this generous fourth floor one bedroom apartment of 41 square meters in the boutique Quest on Chapel complex situated in the heart of trendy South Yarra on Chapel Street.

Recently refurbished with upgrades including new carpets, kitchen joinery, new cooktop, oven and rangehood, new bath and bathroom tapware there is nothing for the new owner to do for years to come.

The newly furnished lounge leads to a north facing balcony offering views along Chapel Street.

Only 3 kilometers from Melbourne’s CBD and conveniently located within minutes walk to Chapel Street’s retail shops, quality restaurants, cafes and bars, it is also within close proximity to South Yarra train station and trams run from your front door. There are many options for short trips to the iconic MCG, Tennis Centre and AAMI Park, the Royal Botanic Garden, the Arts Centre or Prahran Market.

Leased to the Quest Group until March 2020 with further options.

NB: THIS IS FOR THE ASTUTE INVESTOR ONLY. NOT FOR OWNER OCCUPATION.

Current Rent: $23,982 pa (Effective March 2017)

Rent Increase: Annual 4% rental increases between market reviews

Return: 6.5% (Gross)

Options: 1 x 5 year options

Tenant Pays:
Owners Corporation Fees
Insurance
General maintenance
Water usage

Owner Pays:
Council rates: $1,100 pa (Approx)
Water rates: $514 pa (Approx)
Sinking fund: $1,199 pa (Approx)

For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.

M: 0438 557 885
P: (03) 9682 6222
E: nick@kingsfordproperty.com.au

Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent

Agent Details
Agency Details
Kingsford Property

location

23 Coventry Street, Southbank, Victoria 3006

phone

Key Details
property ID 1429490
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