HERITAGE MANTRA APARTMENT - 6.3% NETT RETURN

As part of a heritage listed building, this one bedroom serviced apartment features a unique floor plan split over two levels and a bright Westerly aspect.

The first level provides a stylish open plan kitchen, living and dining area. Upstairs provides a mezzanine bedroom with built in robes and a sparkling bathroom which includes a shower over bath.

Split system heating and cooling and a laundry cupboard is also provided.

The property is located in a prime central location of the CBD with major retail shop, restaurants, cafes and bars on the doorstep.

There are no outgoings as they are paid by the tenant, Mantra Group, who have a long term lease of the apartment. This is a property worth consideration for your portfolio with its secure income stream at 6.3% Nett return.

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

Rent: $18,812 pa ($360 per week approx)

Increase: Annual CPI increase between market reviews

Return: 6.3% NETT

Lease: Until July 2022

Options: NIL

Outgoings
Tenant (Mantra) Pays:
Owners corporation fees, maintenance fund, council rates, water rates, insurance, general maintenance and water usage

Owners pays:
NO ANNUAL OUTGOINGS

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