SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 1410 + Car Park 106
333 Exhibition St. Melbourne
$299,000 (Private Sale)
N.B. This apartment is for the astute investor only – not for owner occupation
Newly refurbished, this is a one bedroom apartment of 50 square meters with west facing balcony of 5 square meters offering views over Melbourne’s vibrant CBD.
This apartment also has one secure undercover car park on title.
The apartment has a sizable bedroom, fully appointed bathroom with laundry facilities and a large open plan kitchen lounge dining area. Returning $388 per week, this property is leased to the Mantra Group until 2015 with additional options thereafter. Facilities such as heated pool, sauna, and sun deck enhance this quality high yield investment.
This is a prime investment opportunity for the astute investor, and the entry level price is ideal for the first time investor.
Rent: $20,256 pa ($1,688 pcm) Approx
(With annual 3% increases between Market Reviews)
Return: 6.8%
Lease: Until October 2015
Options: 2 x 5 year options
Outgoings:
Owner Council and Water rates: $1,400 pa (Approx)
Tenant Body Corp Fees, Insurance, General Maintenance, Refurbishment, and Water Usage.
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.