$301,000.00

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1

ONE OF THE BEST MANTRA LEASES IN THE CBD...

MANTRA ON LITTLE BOURKE

Situated on Level ten and on the preferred North/Easterly side of the building, this is a modern one bedroom apartment of approximately 50 square meters with open plan kitchen, dining and lounge area. In addition to this, there is a large bedroom area, study area and mirrored robes. A sparkling bathroom completes the picture.

The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct – all making this a very desirable investment choice.

Leased to the Mantra Group on a long term lease arrangement, this investment opportunity is surely something to consider for your property portfolio.

IMPORTANT INFORMATION:

RENT: $18,652 pa ($1,554 per month approx.)

INCREASE: Annual increase between market reviews (Alternating 3% & CPI)

RETURN: 6.25% (NETT)

LEASE: Until March 2023

OPTIONS: 3 x 5 years

TENANT (Mantra) PAYS:
– Owners Corporation fees
– Sinking fund
– Council Rates
– Water rates and usage
– Insurance
– General maintenance

OWNER PAYS: NO ANNUAL OUTGOINGS

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.

1004/471 Little Bourke Street, MELBOURNE

$301,000

1

1

Description
ONE OF THE BEST MANTRA LEASES IN THE CBD...

MANTRA ON LITTLE BOURKE

Situated on Level ten and on the preferred North/Easterly side of the building, this is a modern one bedroom apartment of approximately 50 square meters with open plan kitchen, dining and lounge area. In addition to this, there is a large bedroom area, study area and mirrored robes. A sparkling bathroom completes the picture.

The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct – all making this a very desirable investment choice.

Leased to the Mantra Group on a long term lease arrangement, this investment opportunity is surely something to consider for your property portfolio.

IMPORTANT INFORMATION:

RENT: $18,652 pa ($1,554 per month approx.)

INCREASE: Annual increase between market reviews (Alternating 3% & CPI)

RETURN: 6.25% (NETT)

LEASE: Until March 2023

OPTIONS: 3 x 5 years

TENANT (Mantra) PAYS:
– Owners Corporation fees
– Sinking fund
– Council Rates
– Water rates and usage
– Insurance
– General maintenance

OWNER PAYS: NO ANNUAL OUTGOINGS

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 1751082
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