Situated on level six and on the preferred North/Westerly corner of the building, this is a generous two bedroom apartment of approximately 88 square meters with open plan kitchen, dining and lounge area leading to a huge 49 square meter terrace. In addition to this, there are two large bedrooms with BIR’s, central bathroom plus separate powder room.
A secure car park also comes with the apartment. This car park is separately titled and is leased out privately.
The property offers a heated pool, spa, sauna, gymnasium, sun deck, restaurant, bar ,and conference facilities. Added to this is a prime location in the heart of the Chinatown and theatre precincts on Melbourne.
Leased to the Mantra Group on a long term lease arrangement, this is a blue chip investment opportunity.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
RENT: Apartment: $41,328 pa
Car Park: $3,120 pa
TOTAL: $44,448 pa
INCREASE: 3% annual increase on apartment rent between market reviews
RETURN: 6.25% (Gross)
LEASE: Until November 2021
OPTIONS: 3 x 5 years
APARTMENT TENANT (Mantra) PAYS:
Owners Corporation fees
Council Rates: $1,590 pa (Approx)
Water Rates:$1,000 pa (Approx)
Car Park OC: $315 pa (Approx)
For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.
M: 0438 557 885
P: (03) 9682 6222
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.