6.9% RETURN - ONE BEDROOM INVESTMENT APARTMENT
Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists with over 20 years experience in the serviced apartment market.
If youd like to discuss your investment property options please call me on 0438 557 885
Perfect for the astute investor is this extra large one bedroom apartment situated on the 12th floor in the North/West corner.
The generous living/dining area opens to the integrated granite kitchen with quality appliances. A king sized bedroom offers built in robes and en-suite access to the well appointed bathroom with bath.
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
The elegant entrance lobby leads to a reception area and restaurant with bar. It also has a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms.
Leased to the Oaks Group until September 2021 with further options thereafter.
Rent: $25,400 pa ($488 per week)
Return: 6.9 %
Rental Review: 5% every 2nd year of the lease
Term: To The Oaks Group until 2021
Options: 3 x 5 year options
Rental Increases: 5% increases every 2nd year of the lease
Outgoings:
Tenant Pays:
Owners Corporation fees
Council and water rates
Insurance
General maintenance
Water usage
Owner Pays:
Sinking Fund $386 per Quarter (Approx)
To arrange an inspection please call:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists.
MOB: 0438 557 885
PH:(03) 9682 6222
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.