PRIME ENTRY LEVEL SOUTH YARRA INVESTMENT APARTMENT... PLUS 60 DAYS OWNER'S USE PER YEAR !
Offering the preferred Northerly aspect, this 50 square meter Ground Level one-bedroom apartment features an open plan living and dining area with fully equipped kitchen. The generous bedroom offers BIR’s and is adjacent to the well appointed bathroom with separate laundry and storage cupboard. Split system heating and cooling, good security and one secure carpark is also on title.
NB. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
Your investment apartment has Quest as a secure long-term tenant offering a continuous income stream with substantially reduced outgoings and currently an impressive $352 pw rental return.
Owners also have the option to stay up to 60 nights per year in their apartment (conditions apply)
Located in the heart of South Yarra, in the midst of fashionable Chapel Street and Commercial Road, behind the Prahran Market and the myriad of fantastic restaurants and cafes that the precinct has to offer, this Blue Chip investment opportunity is surely worthy of consideration for your property portfolio.
IMPORTANT INFORMATION:
RENT: $18,320 pa ($352 / week approx.)
INCREASE:
July 2026 + 3%
July 2027 + 3%
July 2028 + 3%
July 2029- Market Review.
RETURN: 6.8% Gross
6.1% Nett
LEASE: Until July 2029
OPTIONS: Six further 5 year options
OUTGOINGS:
Tenant (Quest) Pays:
Owner’s Corp Fee
Building Insurance
Owner Pays:
Council Rates $1,085 pa
Water Rates $695 pa
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property – 0438 557 885
[email protected]
Disclaimer: 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. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.