$374,000

1

1

NETT RETURN 6.25% – 1 BEDROOM INVESTMENT APARTMENT

Owners DO NOT pay Owners Corporation Fees, Council Rates, Water Rates, Insurance or General Maintenance.

Situated on the sixth level and with the preferred Westerly aspect overlooking Exhibition Street, this is a modern one bedroom serviced apartment of approximately 50 square meters.

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

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: $25,320 pa
($2,110 per month – approx)

INCREASE: Annual 4% increase between market reviews

RETURN: 6.25% NETT

LEASE: Until March 2023

OPTIONS: 3 x 5 years

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

OWNER PAYS:
• Maintenance fund: $1,920 pa (Approx.)

For further information please contact:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists
0438 557 885
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.

608/100 Exhibition Street, MELBOURNE

$374,000

1

1

Description
NETT RETURN 6.25% – 1 BEDROOM INVESTMENT APARTMENT

Owners DO NOT pay Owners Corporation Fees, Council Rates, Water Rates, Insurance or General Maintenance.

Situated on the sixth level and with the preferred Westerly aspect overlooking Exhibition Street, this is a modern one bedroom serviced apartment of approximately 50 square meters.

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

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: $25,320 pa
($2,110 per month – approx)

INCREASE: Annual 4% increase between market reviews

RETURN: 6.25% NETT

LEASE: Until March 2023

OPTIONS: 3 x 5 years

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

OWNER PAYS:
• Maintenance fund: $1,920 pa (Approx.)

For further information please contact:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists
0438 557 885
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 1825994
build size 50m2
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