MANTRA'S PREMIER SOUTHBANK PROPERTY - 7% RETURN UNTIL JANUARY 2022

Situated on level eleven and with a quiet South/Easterly aspect, this is a one bedroom apartment measuring 53 square meters.

Recently refurbished, this apartment offers a generous bedroom with built in robes, lounge, fully equipped kitchen with dishwasher, four hotplates, oven, and loads of storage. In addition, a fully appointed bathroom with shower over bath, laundry facilities and secure entry.

The property offers a heated pool, sauna, spa, gymnasium, sun deck, restaurant and bar, and is in a prime location in heart of the Melbourne’s Arts precinct, Crown Entertainment complex and the CBD just a short walk over the Yarra River.

The apartment is currently leased to the Mantra Group until January 2022, with an option to continue under a new lease format thereafter.

Current Rent: $26,039pa ($500 per week approx)

Return: 7% gross

Lease: Until January 2022

Approximate Outgoings:

Owners corporation fees:$2,845 pa
Maintenance fund:$1,117 pa
Council rates:$934 pa
Water rates:$700 pa

Inspection is by private appointment

For further information please contact:

Nick Walters of Kingsford Property – 0438 557 885