SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 1504
333 Exhibition Street, Melbourne
$289,500 (Private Sale)
Please Note: This is for the astute investor only – not for owner occupation
Newly refurbished, fifteenth floor, one bedroom apartment of 60 square meters with spectacular Easterly views over the historic Exhibition Gardens from the 5 square meter balcony.
This apartment is currently leased to the Mantra Group until October 2015 with four further options thereafter. This could make the ideal long term investment for the astute investor.
Facilities such as heated pool, sauna, and sun deck enhance this quality investment.
Current Rent: $17,448 pa ($1,453 pcm)
(With annual 3% increases between market reviews)
Return: 6.03%
Lease: Until October 2015
Options: 4 x 5 year options
Outgoings:
Owner Council and Water rates
$1,300 pa (Approx)
Tenant Body Corp fees, Insurance, General maintenance 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.