SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists

Apartment 1502
333 Exhibition Street, Melbourne

Another SOLD by Nick Walters of Kingsford Property Melbournes Serviced Apartment Specialists

Interested in selling? Call Nick discuss your options on 0438 557 885

$399,000 (Private Sale)

NB: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

On offer here is a large two bedroom apartment of 74 square meters with spectacular North Easterly views over the historic Exhibition Buildings and toward the Dandenong Ranges from the 6 square meter balcony.

In addition to the spacious bedrooms, this recently refurbished apartment has two fully appointed bathrooms, one with laundry facilities. Also, a large open plan kitchen and dining area leads on to the welcoming lounge.

Returning a huge $441 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.

Rent: $22,936 pa (Excluding GST)
(With annual 3% increases between Market Reviews)

Return: 5.75%

Lease: Until October 2015

Options: 4 x 5 year options

Outgoings:

Owner Council and Water rates: $2,210 pa (Approx)

Tenant Owners 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.