$305,000

1

1

INVEST IN THE HEART OF MELBOURNE - 6.2% NETT RETURN

Newly refurbished and ideally situated with a northerly aspect overlooking Bourke Street, this is a generous 55sqm one bedroom investment apartment that will provide you with a guaranteed rental income for many more years.

A neat open plan living and dining area provides split system air conditioning, balcony access and adjoins the premium chef’s kitchen with breakfast bar, pantry and stainless steel appliances, including dishwasher.

Beside the kitchen there is a study nook.

The entrance hall leads you past the stylish bathroom featuring a generous corner spa bath, large marble vanity, floor to ceiling tiles and discrete European laundry as well as a good sized master bedroom with mirrored built in robes

155 Bourke Street provides a gym and business centre to complete the package.

Presently the property is leased to Quest Group on a long term lease arrangement.

This investment opportunity is surely something to consider for your property portfolio.

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

RENT: $18,840 pa
($1,570 per month)

INCREASE: With 3% annual increases between market reviews

RETURN: 6.2% (Nett)

LEASE: Until December 2025

OPTIONS: 2 x 5 year options

TENANT PAYS:
– Owners corporation fees
– Council rates
– Water rates
– Insurance
– General maintenance

OWNER PAYS:
– Sinking fund $0 – The owners corporation agreed not to raise any sinking fund levies for the 2017/2018 financial year, this years levies will be discussed at the next body corporate meeting due in September. .

For further enquires, please call:

Nick Walters of Kingsford Property – the Serviced Apartment Specialists
(03) 9682 6222 or 0438 557 885
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.

408/155 Bourke Street, MELBOURNE

$305,000

1

1

Description
INVEST IN THE HEART OF MELBOURNE - 6.2% NETT RETURN

Newly refurbished and ideally situated with a northerly aspect overlooking Bourke Street, this is a generous 55sqm one bedroom investment apartment that will provide you with a guaranteed rental income for many more years.

A neat open plan living and dining area provides split system air conditioning, balcony access and adjoins the premium chef’s kitchen with breakfast bar, pantry and stainless steel appliances, including dishwasher.

Beside the kitchen there is a study nook.

The entrance hall leads you past the stylish bathroom featuring a generous corner spa bath, large marble vanity, floor to ceiling tiles and discrete European laundry as well as a good sized master bedroom with mirrored built in robes

155 Bourke Street provides a gym and business centre to complete the package.

Presently the property is leased to Quest Group on a long term lease arrangement.

This investment opportunity is surely something to consider for your property portfolio.

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

RENT: $18,840 pa
($1,570 per month)

INCREASE: With 3% annual increases between market reviews

RETURN: 6.2% (Nett)

LEASE: Until December 2025

OPTIONS: 2 x 5 year options

TENANT PAYS:
– Owners corporation fees
– Council rates
– Water rates
– Insurance
– General maintenance

OWNER PAYS:
– Sinking fund $0 – The owners corporation agreed not to raise any sinking fund levies for the 2017/2018 financial year, this years levies will be discussed at the next body corporate meeting due in September. .

For further enquires, please call:

Nick Walters of Kingsford Property – the Serviced Apartment Specialists
(03) 9682 6222 or 0438 557 885
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 1557670
build size 55m2
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