Prime Investment With Sweeping Views...
ANOTHER APARTMENT SOLD BY NICK WALTERS OF KINGSFORD PROPERTY – THE SERVICED APARTMENT SPECIALISTS.
Please call me to discuss your property needs – 0438 557 885
Should you be considering selling your apartment or would simply like a no obligation FREE appraisal of your property, please contact me on 0438 557 885 or [email protected]
Situated in the heart of the city, the Oaks On Market is a fabulous apartment hotel comprising superbly appointed, self contained apartments.
Only recently refurbished, this large studio investment apartment of 37 square meters is situated on level twenty with a South Easterly aspect offering stunning views toward Southbank.
Featuring high ceilings and a functional floor plan offering a smart central living area, integrated granite kitchen with quality appliances, space for a queen sized bed and built in robes. Also included is a sparkling bathroom with a shower over a bath and ducted reverse cycle air-conditioning.
This well maintained building provides intercom entry to an elegant lobby with a reception area and restaurant/bar. It also has lift access, a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms.
NB: This property is not for owner occupation and is only for the astute investor.
Lease summary
Term: to September 2021
Options: 4 x 5 year options
Return: 6.5 %
Rent: $22,888 pa ($440 per week)
Rental reviews: CPI increases in years 3, 4 & 5 of the lease
Annual outgoings:
Owner:
Sinking fund $250 per quarter (Approx)
Tenant (Oaks Group):
Owners corporation fees
Council rates
Water rates
Insurance
General maintenance
Water usage
For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.
M: 0438 557 885
P: (03) 9682 6222
E: [email protected]
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.