SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 122 + Car Park 70
4 18 Ferguson Street
Williamstown 3016
$322,000 (Private Sale)
WITH 30 DAYS OWNERS USE PER YEAR !!
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
This is a first floor, one bedroom apartment of 62 square meters in addition to an 11.5 sqm balcony and secure car park, within a boutique complex of only 42 apartments.
Situated just a stones throw from the waters edge, this development is in a prime position and offers a secure long term rental, minimal outgoings, and also the option for the owner to stay in their apartment for up to 30 days per year (conditions apply).
This apartment is presently leased to the Punt Hill Group presently returning an impressive $460 per week. The current lease runs until August 2017 with further options thereafter.
This is a blue chip property investment for the astute investor.
Current rent: $24,014 pa (Approx)
(With annual CPI increases between market reviews)
Return: 7.5%
Options: 4 x 5 year options
Tenant Pays: Body Corporate Fees, Insurance, General maintenance and Water usage
Owner pays: Council rates: $870 pa (Approx)
Water Rates: $145 pa (Approx)
Sinking Fund: $600 pa (Approx)
INSPECTION STRICTLY BY APPOINTMENT
For further enquires, 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.