8% RETURN - 2 BEDROOM INVESTMENT PROPERTY

ANOTHER APARTMENT SOLD BY NICK WALTERS OF KINGSFORD PROPERTY.
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 nick@kingsfordproperty.com.au

Leased to the Punthill Group, situated on Level one, and with the preferred Easterly aspect on the front of the building, this is a modern two bedroom (twin key) apartment of approximately 65 square meters.

Beautifully presented and maintained offering high ceilings, floor to ceiling glazing, excellent natural light, stone bench tops, European stainless-steel appliances and large bedrooms (birs) plus two bathrooms, laundry facilities and open plan kitchen and lounge area opening onto a balcony. One under cover car park is also on title.

Current returning an impressive $577 per week, this eight year old development is a high yield investment with annual rent reviews, minimal outgoings and the bonus of a 14 days Owners Use clause all making this a very attractive investment.

The Punthill Oakleigh Hotel is located minutes to Chadstone Shopping Centre, Oakleigh, Notting Hill and Clayton business centres and just 12km to Melbourne CBD.

NB THIS IS FOR ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

Current rent $30,042 pa
with annual CPI increases each April between market reviews

Return 8% gross

Leased until April 2019

Options 4 x 5 year

Owners outgoings
Council rates $1,335pa (Approx)
Water rates $673pa (Approx)
Sinking fund $1,634pa (Approx)
Management fee $1226 (Approx)

Tenant outgoings
Owners corporation
Insurance
General maintenance
Water / electricity usage

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.