ENTRY LEVEL INVESTMENT WITH AN OPTION TO OCCUPY- 7.2 % GROSS RETURN
Situated on the 16th floor and with a quiet Easterly aspect is this impressive Studio apartment measuring 34 sqm internally in addition to a 7 sqm balcony.
The open plan living/dining/bedroom area has an adjoining kitchenette plus excellent natural light. BIRs and sparkling bathroom are also on offer.
The building has an impressive pool and gym area, is in a prime Melbourne location in the heart of the China Town and theatre precincts of Melbourne, and also has a quality restaurant and bar attached.
With Mantra offering an impressive rental of $316 per week from November 2023 until October 2024 this top quality property would be a welcome addition to your investment portfolio or be a future city pad.
Currently leased to the Mantra hotel, the new owner will have the opportunity to either extinguish the current lease and occupy the apartment from 1st November 2024, or lease to Mantra for another year.
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property – 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.