A PIECE OF HISTORY
Acquire part of Melbourne’s past with this affordable investment apartment located in the historic ‘Whitehall Chambers’.
Currently leased until 2024 to the Metro Hospitality Group, it offers a secure income stream as well as exceptionally low outgoings.
Positioned in Bank Place, it is an opportunity to purchase at an entry price in a building that offers more than most.
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY NOT FOR OWNER OCCUPATION.
RENT: $13,518.67 pa ($260.17 per week approx.)
RETURN: 6.8% gross
LEASE: expires 18th April 2024
RENTAL INCREASES: CPI annually
OUTGOINGS:
TENANT PAYS:
Owners corporation fees
Water rates & usage
Insurance
General maintenance
LANDLORD PAYS:
Council rates $573.16 pa
For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.
M: 0438 557 885
P: (03) 9682 6222
E: [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