TWO BEDROOM + TWO CAR PARKS - HUGE 6.75% RETURN...

Situated on Level One and with a preferred leafy Westerly aspect overlooking Exhibition St, this is a two bedroom serviced apartment measuring approximately 60 square meters. This apartment offers two generous bedrooms with built in robes, lounge, well equipped kitchen with electric hotplates, and loads of storage. In addition, there is a fully appointed bathroom with shower over bath, and laundry facilities.

This apartment also offers TWO secure under cover car parks (Tandem)

The property offers security entrance and is in a prime Melbourne location at the “Paris end” of the CBD with public transport, quality retail shops, restaurants and cafes also close at hand.

The apartment is currently leased to the Mantra Group until March 2023, with three further five year option available thereafter.

THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.

IMPORTANT INFORMATION:

RENT: $33,684 pa (From January 2022)
$647 per week (Approx)

INCREASE: 4% annual increase between market reviews

RETURN: 6.75% Gross

LEASE: Until March 2023

OPTIONS: 3 x 5 year

MANTRA PAYS:
Owners Corp Fees $2,722 pa
Council Rates $1,440 pa
Water Rates $970 pa

OWNER PAYS:
Maintenance Fund: $2,250 pa

Inspection is by private appointment.

For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.

M: 0438 557 885
E: nick@kingsfordproperty.com.au

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