SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 115 + Car Park
4 – 18 Ferguson Street
Williamstown
$345,000
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Leased to the Punt Hill Group, 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 serviced apartment complex of only 42 apartments.
Completed and situated a stone’s throw from the water’s edge, the development is in a prime position and offers not only a secure long term rental but great depreciation benefits.
Owner are able 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 2012 with further options thereafter.
This is a blue chip investment apartment with car park for the astute investor.
Current rent: $23,292 per annum ($446 per week)
(With annual CPI increases each August between market reviews)
Return: 6.8%
Options: 5 x 5 year options
Tenant Pays: Body Corporate Fees, Insurance, General maintenance and Water usage
Owner pays: Council rates: $615 pa (Approx)
Water Rates: $137pa (Approx)
For further enquires and inspection by appointment, please call the agent
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.