HUGE 6.8% RETURN - PRIME WATERSIDE INVESTMENT

Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists.

If youd like to discuss your investment property options please call me on 0438 557 885

This is an immaculately presented and very generous top floor one bedroom apartment of 53 square meters plus a North West facing 8 sqm balcony. One secure car park is also on offer within a boutique complex of only 42 apartments.

Situated a stones throw from the waters edge, the development is in a prime position and offers a secure long term rental, and also the option for the owner to stay in their apartment for up to 30 days per year (conditions apply).

N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

Returning an impressive $471 per week, this apartment is presently leased to the Punt Hill Group until August 2017 with further options thereafter.

This is a blue chip property investment for the astute investor.

Current rent: $24,535 pa (Approx)
(With annual CPI increases between market reviews)

Return: 6.8%

Options: 4 x 5 year options

Tenant Pays:
Owners corporation fees
Insurance
General maintenance
Water usage

Owner pays:
Council rates: $1,300 pa (Approx)
Water rates: $650 pa (Approx)
Sinking fund: $760 pa (Approx)

For further enquires, please call:

Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
nick@kingsfordproperty.com.au

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. Prospective purchasers are advised to carry out their own investigations.