MANTRA ON THE PARK
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.
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