2 Bedroom Investment Apartment - $370k
Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s apartment specialists. If you would like to discuss your residential or investment property options please call me on 0438 557 885
Apartment 1209
333 Exhibition St. Melbourne
$370,000 (Private Sale)
N.B THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
This is a large two bedroom apartment of 73 square meters with superb South West facing balcony of 6 sqm commanding excellent views over Melbournes vibrant CBD.
In addition to the spacious bedrooms, this apartment has two fully appointed bathrooms, one with laundry facilities, and a large open plan kitchen lounge dining area. Currently returning $422 per week, this property is leased to the Mantra Group until October 2015 with additional options thereafter.
Facilities such as heated pool, sauna, gymnasium and sun deck enhance this quality high yield investment.
Current Rent: $21,966 pa
(With annual 3% annual increases between Market Reviews)
Return: 5.9%
Lease: Until October 2015
Options: 2 x 5 year options
Outgoings:
Owner: Council and Water rates: $2,252 pa (Approx)
Tenant: Owners Corp fees, Insurance, General Maintenance, Refurbishment and Water usage
For further enquires, please call Martin Russell of Kingsford Property -The Serviced Apartment Specialists
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.