SPLIT LEVEL TWO BED MANTRA APARTMENT
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
As part of a heritage listed building, this two bedroom serviced apartment features a unique floor plan split over two levels and a bright Westerly aspect.
The first level provides a stylish open plan kitchen, living and dining area. Upstairs provides two bedrooms both with built in robes and a sparkling central bathroom which includes a shower over bath.
Split system heating and cooling is provided on both levels.
The property is located in a prime central location of the CBD with major retail shop, restaurants, cafes and bars on the doorstep.
There are no outgoings as they are paid by the tenant, Mantra Group, who have a long term lease of the apartment. This is a property worth consideration for your portfolio with its secure income stream at 6% net return.
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY NOT FOR OWNER OCCUPATION.
RENT: $24,759 pa ($476 per week approx.)
INCREASE: Annual CPI increase between market reviews
RETURN: 6% NET
LEASE: Until July 2022
OPTIONS: 3 x 5 year
OUTGOINGS
TENANT (MANTRA) PAYS:
Owners corporation fees, maintenance fund, council rates, water rates, insurance, general maintenance and water usage
OWNER PAYS:
NO ANNUAL OUTGOINGS