SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 1019
250 Elizabeth Street, Melbourne
$340,000
PLEASE NOTE: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
Situated on the tenth floor and on the North West corner of the building, this is a modern fully furnished two bedroom apartment of 74 square meters in a secure long term management lease with the Ascot Group, and is run as a 4 star rated serviced apartment hotel.
GREAT DEPRECIATION BENEFITS STILL APPLY – OVER $4,500 CLAIMABLE THIS TAX YEAR.
As part of the lease terms, owners DO NOT pay…
Owners Corporation Fees
Council Rates
Water Rates
Insurance
General maintenance
Rent: $23,310 pa (’09 – ’10 Financial Year)
Lease: Until 2020
Options: 1 x 10 Year
Return: 6.9%
This high yield long term investment is surely something to consider for your property investment portfolio.
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.