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: 3 x 5 years
TENANT (Mantra) PAYS:
• Owners Corporation fees
• Council & Water rates
• General maintenance
• Water usage
• Maintenance fund: $2,260 pa (Approx.)
For further information please contact:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists
0438 557 885
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.