SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists

Another SOLD by Nick Walters of Kingsford Property Melbournes Serviced Apartment Specialists

Interested in selling? Call Nick discuss your options on 0438 557 885

This is a first floor, fully furnished one bedroom apartment of 55 square meters plus a 5.5 sqm balcony and secure car park within a boutique complex of only 42 apartments.

Completed and situated a stones throw from the waters edge, the development is in a prime position and offers not only a secure long term rental but also the option for the owner to stay in their apartment for up to 30 days per year (conditions apply).

The apartments are presently leased to the Punt Hill Group until August 2017 with further options thereafter. This is a blue chip investment apartment with a car park for the astute investor.


Current rent: $25,453 per annum ($489 per week)
(annual CPI increases each August between market reviews)

Return: 6.9%

Options: 4 x 5 year options

Tenant Pays: Owners Corporation fees, insurance, general maintenance and water usage

Owner pays: Council rates: $1,117 pa (Approx)
Water rates: $600 pa (Approx)
Sinking fund: $800 pa (Approx)

For further enquires, please call Nick Walters at Kingsford – The Serviced Apartment Spercialists

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.