ANOTHER APARTMENT SOLD BY NICK WALTERS of KINGSFORD PROPERTY – Melbourne’s serviced apartment specialists.

If youd like to discuss your investment property options please call me on 0438 557 885

Situated on the 11th level and returning an impressive $404 per week, this is a recently refurbished extra-large 60 square meter one bedroom apartment. With a fully equipped open plan kitchen, large living area and a sparkling bathroom including laundry facilities. The apartment also offers spectacular easterly views toward the Exhibition Buildings, Carlton Gardens and beyond from the 5 square meter balcony. These views cannot be built out.

Facilities include a pool, sauna, sun deck, gymnasium, excellent security and is in a prime Melbourne location near the heart of the theatre precinct of Melbourne. There is also parkland within a minutes walk, and quality restaurants and retail shops close by which only enhance this quality high yield investment.

The apartment is presently leased to the Mantra Group until 2020, with a further 1 x 5 year option thereafter.

Rent:$21,053 pa

Reviews: 3% annual increases between market reviews

Return: 5.75 %

Lease: Until October 2020

Options: 1 x 5 year options


Owner Council and water rates: $2,095 pa (Approx)

Tenant Owners corporation fees, insurance, general maintenance, refurbishment and water usage