$298,500

1

1

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

MANTRA ON LITTLE BOURKE

Situated on Level ten and with 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

Call Nick Walters on 0438 557 885 for further information or to book an inspection.

Note: Images not of actual apartment but are a similar floor plan. For illustration purposes only.

1004/471 Little Bourke Street, MELBOURNE

$298,500

1

1

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

MANTRA ON LITTLE BOURKE

Situated on Level ten and with 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

Call Nick Walters on 0438 557 885 for further information or to book an inspection.

Note: Images not of actual apartment but are a similar floor plan. For illustration purposes only.

Agent Details
Agency Details
Kingsford Property

location

23 Coventry Street, Southbank, Victoria 3006

phone

Key Details
property ID 1751082
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