HUGE 7.6% RETURN - PRIME RICHMOND HILL INVESTMENT...
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 is a 50 square meter one bedroom apartment within the Adara Richmond complex offering an Easterly aspect overlooking Judd Street from Level 1. The stylishly appointed interior is comprised of a fully equipped kitchen with stone bench top, high quality furnishings, generous sleeping quarters, separate bathroom, laundry facilities, central heating/cooling and a lounge area leading to a Juliette balcony.
The complex offers an indoor gymnasium and secure entry. Positioned within walking distance to Richmonds retail boutiques, cafes, restaurants and bars, this is ideal for the astute investor. Melbournes CBD and Sports and Entertainment precinct is also within walking distance or a short tram ride away.
The apartment is presently leased to the Adara group until November 2020 with additional options thereafter.
NB. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
RENT: $25,072 pa
(Effective November 2018)
INCREASE: Annual 4% increase between market reviews
RETURN: 7.6% (Gross)
LEASE: Until December 2020
OPTIONS: 4 x 5 years
TENANT (Adara) PAYS:
Owners Corporation fees
Insurance
General maintenance
Water usage
OWNER PAYS:
Council Rates: $919 pa
Water Rates: $665 pa
Maintenance Fund: $571 pa
For further information please contact Nick Walters of Kingsford Property – The Serviced Apartment Specialists
M: 0438 557 885
P: (03) 9682 6222
E: [email protected]
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.