SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
QUEST ST KILDA BAYSIDE
APARTMENT 14 C
1 EILDON ROAD, ST KILDA
$220,000
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
One of only 57 in the block, on offer here is a top floor fully furnished one bedroom apartment of approximately 40 sqm with a 2 sqm North facing balcony offering spectacular views to Melbournes CBD. A pool and gym are also available to guests.
One secure car park is also on title.
The property is located on the edge of the CBD on a quiet, leafy tree-lined St Kilda street only a stones throw to the vibrant Fitzroy Street. There are delightful shops, restaurants, bars and beach, all less than a five minute walk away. Youll enjoy the eclectic suburban vibe of St Kilda at your doorstep with tram stops to the city and other points also within a five minute walk.
Currently leased until July 2012 with further options thereafter, and offering a rental of $284 per week, the complex is run as a 4 star rated apartment hotel and offers a continuous income stream with substantially reduced outgoings.
Current rent: $14,817 pa
(With annual 4% increases between market reviews)
Return: 6.74%
Options: 3 X 5 Years
Outgoings:
Tenant: Body Corporate fees, Insurances and Recurrent Maintenance are paid for by Quest.
Owner: Council and Water rates: $730 pa (Approx)
Sinking Fund: $1012 pa (Approx)
For further enquires, please call:
Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
[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.