SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Bourke Street Investment
$203,000
205 /155 Bourke Street, Melbourne
QUEST ON BOURKE
This is for the astute investor only, NOT for owner occupation…
Ideally located, first floor, fully furnished one bedroom apartment of 51 square meters within this boutique complex of only 63 apartments.
Comprising separate bedroom, living & dining area, fully equipped kitchen with full size oven/stove, dishwasher and microwave, sparkling bathroom with spa, STD/ISD telephones, voice mail, high speed internet access, Foxtel and individually controlled air conditioning / heating.
This is a fantastic investment apartment with long term lease attached offering an impressive $307 per week rental return.
The owner can also stay in their apartment 7 nights per year enjoying a 35% discount off the rack rate. (Conditions apply)
Leased to the Quest Group until May 2014 with further options.
Current rent: $16,000 pa (Approx)
(With annual 2.5% increase between market reviews)
Return: 7.7 %
Options: 2 x 5 year options
Tenant Pays: Water rates, Insurance, General Maintenance and Water usage
Owner pays: Body Corporate / Sinking Fund: $2,159 (Approx)
Council rates: $494 (Approx)
Mment fee of 5% of the rent – $782 pa (Approx)
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.