5% NETT RETURN - HERITAGE 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

This immaculate one bedroom serviced apartment does not require the owner to pay any outgoings and features a unique floorplan split over two levels on the East side of the heritage building.

The first level is dedicated to the living quarters with an open plan kitchen, living and dining area. Upstairs provides a comfortable bedroom with built in robe, sparkling bathroom which includes a shower over bath and laundry cupboard.

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. Leased to the Mantra Group on a long term lease, this investment property offers a secure income stream and is worthy of consideration for your property portfolio.

NB: THIS IS FOR THE ASTUTE INVESTOR ONLY NOT FOR OWNER OCCUPATION.

RENT: $20,276 pa ($390 per week approx.)

INCREASE: Annual CPI increase between market reviews

RETURN: 5% Nett

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

For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.

M: 0438 557 885
P: (03) 9682 6222
E: 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