SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 1004
100 Exhibition Street, Melbourne
$285,000 (Private Sale)
N.B. This is for the astute investor only – NOT for owner occupation.
Situated on the tenth floor and on the North side of the building, this is a modern one bedroom apartment of approximately 50 square meters in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.
As part of the lease terms, owners DO NOT pay…
Owners Corporation Fees
Council Rates
Water Rates
Insurance
General maintenance
Rent: $22,568 pa ($1,880 per month)
(With 4% annual increases between Market Reviews)
Lease: Until March 2018
Options: 2 x 5 year options
Return: 7.92% (Gross)
This high yield long term investment is surely something to consider for your property investment portfolio.
INSPECTION STRICTLY BY APPOINTMENT.
For further enquires, please call the agent.
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.