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.
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
– 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.