SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
APARTMENT 10 A
1 EILDON ROAD, ST KILDA
“QUEST ST KILDA BAYSIDE”
$268,000
PLEASE NOTE: THIS APARTMENT IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
One of only 57 in the block, on offer here is a first floor fully furnished two bedroom apartment of approximately 60 sqm with a 2 sqm East facing balcony offering a garden outlook. A sheltered pool and gymnasium are available to guests.
One secure car park is also on title.
The property is located on the edge of the CBD on a quiet, leafy tree-lined St Kilda street only a stones throw to the vibrant Fitzroy Street. There are delightful shops, restaurants, bars and beach, all less than a five minute walk away. Youll enjoy the eclectic suburban vibe of St Kilda at your doorstep with tram stops to the city and other points also within a five minute walk.
Currently leased until July 2012 with further options thereafter, and offering a rental of $347 per week, the complex is run as a 4 star rated apartment hotel and offers a continuous income stream with substantially reduced outgoings.
Current rent: $18,110 pa (Approx)
(With annual 4% increases between market reviews)
Return: 6.75%
Options: 3 X 5 Years
Outgoings:
Tenant (Quest): Body Corporate fees, Insurances and Recurrent Maintenance are paid for by Quest.
Owner: Council and Water rates: $ 962 pa (Approx)
Sinking Fund: $ 1,185 pa (Approx)
For further enquires and a private inspection, please call the agent…