OFFERING A 6.7% RETURN...ONE BED + THREE CAR PARKS !!
Situated on Level Two and with a leafy Westerly aspect overlooking Exhibition St, this is a one bedroom serviced apartment measuring approximately 50 square meters. This apartment offers a generous bedroom with built in robes, lounge, well equipped kitchen with electric hotplates, and loads of storage. In addition, a fully appointed bathroom with shower over bath, and laundry facilities. This apartment also offers THREE secure under cover car parks.
The property offers security entrance and is in a prime Melbourne location at the Paris end of the CBD with quality retail shops, restaurants and cafes also close at hand.
The apartment is currently leased to the Mantra Group until March 2023, with one further five year option available thereafter.
NB, THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
RENT: $29,897 pa (March 2022)
$574 per week (approx)
INCREASE: 4% annual increase between market reviews
RETURN: 6.7% Gross
LEASE: Until March 2023
OPTIONS: 1 x 5 year
Owners Corp Fees
Maintenance Fund: $2,596 pa (Approx)
INSPECTION IS BY PRIVATE APPOINTMENT.
For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.
M: 0438 557 885
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