299,000

1

1

6% NETT RETURN – “SOMERSET” ONE BEDROOM INVESTMENT APARTMENT

Situated on the fifth level and offering a Southerly aspect, this is a bright one bedroom apartment of approximately 50 square meters with fully equipped bathroom, laundry facilities, large open plan kitchen,dining and lounge area.

N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

The building has good security, and facilities include fully equipped gymnasium, swimming pool, spa and outdoor area with BBQ facilities. This building is in a prime location in Melbourne’s CBD with quality retail shops, restaurants, cafes and bars at your doorstep. The apartment is presently leased to the Somerset Group until 2023, with further 10 year options thereafter.

This high yield long term investment is surely something to consider for your property investment portfolio

RENT: $18,068pa ( Based on July 2017—June 2018 Rents)
(Approx $1,505 per month)

RETURN: 6% (NETT)

LEASE: Until 2023

OPTIONS: 5 X 10 year

ANNUAL OUTGOINGS:

Tenant (SOMERSET) Pays:
Owners Corporation fees
Council & Water rates
Insurance
General maintenance
Water usage

Owner Pays:
NIL

For further inquiries, please contact:

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

510/250 Elizabeth Street, MELBOURNE

$299

1

1

Description
6% NETT RETURN – “SOMERSET” ONE BEDROOM INVESTMENT APARTMENT

Situated on the fifth level and offering a Southerly aspect, this is a bright one bedroom apartment of approximately 50 square meters with fully equipped bathroom, laundry facilities, large open plan kitchen,dining and lounge area.

N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

The building has good security, and facilities include fully equipped gymnasium, swimming pool, spa and outdoor area with BBQ facilities. This building is in a prime location in Melbourne’s CBD with quality retail shops, restaurants, cafes and bars at your doorstep. The apartment is presently leased to the Somerset Group until 2023, with further 10 year options thereafter.

This high yield long term investment is surely something to consider for your property investment portfolio

RENT: $18,068pa ( Based on July 2017—June 2018 Rents)
(Approx $1,505 per month)

RETURN: 6% (NETT)

LEASE: Until 2023

OPTIONS: 5 X 10 year

ANNUAL OUTGOINGS:

Tenant (SOMERSET) Pays:
Owners Corporation fees
Council & Water rates
Insurance
General maintenance
Water usage

Owner Pays:
NIL

For further inquiries, please contact:

Nick Walters of Kingsford Property – The Serviced Apartment Specialists
0438 557 885 or (03) 9682 6222
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 1664633
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