THIS IS YOUR VIEW...

SOLD IN ONE WEEK!

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

Situated on the 11th level and measuring 86 square meter internally, this is an East facing two bedroom apartment with a fully equipped bathroom with laundry facilities, plus en suite bathroom from the master bedroom, open plan kitchen and large lounge/dining area.

The apartment also offers spectacular easterly views over the Exhibition Buildings, Carlton Gardens and beyond to the Dandenong Ranges from the 5 square meter balcony. These views cannot be built out. Theres an annual 3% increase in rent from this October that will see a rental return of $30,294pa.

This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.

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

RENT: $30,294 PA

INCREASE: Annual 3% increase between market reviews

RETURN: 6% (Gross)

LEASE: Until October 2020

OPTIONS: 3 x 5 years

TENANT (Mantra) PAYS:
Owners Corporation fees
Refurbishment
Insurance
General maintenance
Water usage

OWNER PAYS:
Council and Water Rates: $2,300 pa (Approx.)

For further information please contact:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists
0438 557 885
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.