$544,000

2

1

6.5% RETURN – “MANTRA” TWO BEDROOM INVESTMENT APARTMENT

Situated on the fifth level and with the preferred Westerly aspect overlooking Exhibition Street, this is a modern two bedroom apartment of approximately 60 square meters.

A large open plan lounge and dining area welcomes the owner from the entrance hall. In addition to the two good sized bedrooms with built in robes, is a fully equipped bathroom, laundry facilities, kitchen, air-conditioning and a security entrance completes the picture. The property is in a prime Melbourne location at the “Paris end” of the CBD with high end retail shopping close at hand.

As part of the Mantra lease terms, owners DO NOT pay Owners Corporation Fees, Council Rates,Water Rates, Insurance or General Maintenance.

This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 ½ star rated serviced apartment hotel.

NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

RENT: $35,360 pa
($2,946 per month – approx)

INCREASE: Annual 4% increase between market reviews

RETURN: 6.5% (Gross)

LEASE: Until March 2023

OPTIONS: 1 x 5 years

TENANT (Mantra) PAYS:
• Owners Corporation fees
• Council & Water rates
• Insurance
• General maintenance
• Water usage

OWNER PAYS:
• Maintenance fund: $2,260 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
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.

502/100 Exhibition Street, MELBOURNE

$544,000

2

1

Description
6.5% RETURN – “MANTRA” TWO BEDROOM INVESTMENT APARTMENT

Situated on the fifth level and with the preferred Westerly aspect overlooking Exhibition Street, this is a modern two bedroom apartment of approximately 60 square meters.

A large open plan lounge and dining area welcomes the owner from the entrance hall. In addition to the two good sized bedrooms with built in robes, is a fully equipped bathroom, laundry facilities, kitchen, air-conditioning and a security entrance completes the picture. The property is in a prime Melbourne location at the “Paris end” of the CBD with high end retail shopping close at hand.

As part of the Mantra lease terms, owners DO NOT pay Owners Corporation Fees, Council Rates,Water Rates, Insurance or General Maintenance.

This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 ½ star rated serviced apartment hotel.

NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

RENT: $35,360 pa
($2,946 per month – approx)

INCREASE: Annual 4% increase between market reviews

RETURN: 6.5% (Gross)

LEASE: Until March 2023

OPTIONS: 1 x 5 years

TENANT (Mantra) PAYS:
• Owners Corporation fees
• Council & Water rates
• Insurance
• General maintenance
• Water usage

OWNER PAYS:
• Maintenance fund: $2,260 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
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 1825695
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