SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 1708
333 Exhibition Street, Melbourne
$370,000
“Mantra on the Park”
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
On offer here is a large top floor two bedroom apartment of 76 square meters with spectacular north easterly views over the Exhibition Buildings and toward the Dandenong Ranges from the 5 square meter balcony.
In addition to the spacious bedrooms, this apartment has two bathrooms, one with laundry facilities. Also, a large open plan kitchen and dining area leads on to the welcoming lounge.
Returning a huge $416 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: $21,726 pa
(With annual 3% increases between market reviews)
Return: 5.9 %
Lease: Until October 2015
Options: 2 x 5 year options
Outgoings:
Owner Council and Water rates: $1,500 pa (Approx)
Tenant Owners Corp Fees, Insurance, General Maintenance and Water Usage
For further enquires, please call:
Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
[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.