SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 107
11-17 Cohen Place, Melbourne
$240,000 (Private Sale)
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Situated on level one and on the North/East corner of the block , this is a 47 square meter one bedroom apartment with fully equipped bathroom with spa and laundry facilities, kitchen, and open plan lounge and dining room leading to a five sqm balcony. The property also offers reverse cycle air conditioning, a communal gym and pool, function rooms, concierge service and good security. This property is in a prime Melbourne location in the heart of Melbournes Chinatown precinct on Little Bourke Street, with a myriad of retail shops, cafs, restaurants and bars all at your doorstep.
A hassle free investment with no vacancies, no leasing or rent collection fees, no body corporate fees, council or water rates or general maintenance costs.
Please Note: The owner can use their apartment for up to7 days per year. (Conditions apply)
Leased until November 2015 with further options there after.
Current rent: $16,790 pa (Approx)
(With annual 3% increases between market reviews)
Return: 7%
Options: 2 x 5 year options
Annual Outgoings:
Owner: Sinking Fund $550pa (Approx)
Tenant (Punt Hill): Owners Corporate Fees, Council Rates and Water Rates, Insurance, General Maintenance and Water Usage
For further enquires, please call:
Nick Walters of Kingsford Property – THE SERVICED APARTMENT SPECIALISTS.
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.