SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists


Apartment 101
651 Chapel St, South Yarra


This is a spacious fully furnished one bedroom apartment of 52 square meters in one of Quests finest properties situated in the heart of trendy South Yarra on Chapel Street.

Returning a massive $433 per week,this first floor apartment boasts quality from the outset. Situated on the front of the building, the apartment offers a welcoming entrance that opens into the spacious lounge area with sliding glass doors to the East facing balcony. Off the lounge sits the bedroom, and a fully equipped bathroom with laundry facilities is also included.

Only 3 kilometres from Melbourne’s CBD and conveniently located within minutes walk to Chapel Street’s fashionable shopping and restaurants it is also within close proximity to Melbourne’s sports and entertainment venues.

Guests have access to on site security parking (subject to availability) and are able to enjoy the spa, sauna and gym facilities which have magnificent views of the Melbourne skyline.

This is a blue chip opportunity to invest in a quality South Yarra apartment with long term lease attached.

Leased to the Quest Group until May 2010 with further options.

Current rent: $22,563 pa (Effective March 2009)

Return: 7.5 %

Options: 3 x 5 year

Tenant Pays: Body corporate fees, Insurance, General maintenance and Water rates and usage.

Owner pays: Council rates of $610 pa (Approx)
Sinking Fund of $417 pa (Approx)
Management fee of 5% annually – $1,128 pa (Approx)

For further enquires, please call:
Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
[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.