HERITAGE CITY CENTRAL INVESTMENT WITH 6.4% NETT RETURN...

Another apartment SOLD by Kingsford Property – Melbourne’s serviced apartment specialists.
If youd like to discuss your investment property options please call me on 0438 557 885

This unique one bedroom apartment within the Mantra City Central building offers secluded accommodation in the preferred Heritage section of the development.

Access to this stylish level one apartment is via private internal stairs leading, to the right – a generous loft style living and dining area with kitchen and laundry cupboard. To the left of the stairs sees the bedroom leading to a walk in robe, and further to the bathroom with shower over bath. Split system air conditioning and heating and secure entrance enhance the investment.

This is a fabulous one bedroom apartment in a prominent heritage building in the heart of the CBD offering a short stroll to the Bourke Street Mall, fantastic shopping, restaurants, cafes bars and public transport.

The apartment is presently leased to the Mantra group until July 2022 with one additional 5 year option thereafter.

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

RENT: $27,999 pa

INCREASE: 4% increase Nov 2019
(Then annual CPI increases between market reviews)

RETURN: 6.4% (NETT)

LEASE: Until July 2022

OPTIONS: 3 x 5 year

TENANT (Mantra) PAYS:
Owners Corporation fees
Maintenance Fund
Council Rates
Water Rates
Insurance
General maintenance
Water usage

OWNER PAYS:
No Annual Outgoings

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

M: 0438 557 885
P: (03) 9682 6222
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