Situated on the fifth level and with the preferred Westerly aspect overlooking Exhibition Street, this is a modern one bedroom apartment of approximately 50 square meters.
A large open plan lounge and dining area welcomes the owner from the entrance hall. In addition to the good sized bedroom with built in robes, is a fully equipped bathroom, laundry facilities, single wall galley kitchen, air-conditioning and a security entrance completes the picture.
The property offers security entrance, and is in a prime Melbourne location at the “Paris end” of the CBD with high end retail shopping close at hand.
This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 ½ star rated serviced apartment hotel. As part of the lease terms, owners DO NOT pay Owners Corporation Fees, Council Rates, Water Rates, Insurance or General Maintenance.
This high yield long term investment is surely something to consider for your property investment portfolio.
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY. NOT FOR OWNER OCCUPATION.
RENT: $20,855 pa
($1,737 per month)
INCREASE: With 4% annual increases between market reviews
RETURN: 6.5% (Gross)
LEASE: Until March 2023
OPTIONS: 3 x 5 year options
– Owners corporation fees
– Council rates
– Water rates
– General maintenance
– Sinking fund $480 pa approx.
For further enquires, please call:
Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
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.