6.1% NET RETURN - ONE BEDROOM + CAR PARK

Perfectly positioned on Brunswick Street within a tranquil and secure development, this spacious one-bedroom apartment spanning approximately 60 square meters is an ideal investment opportunity.

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

Spread across two levels and positioned toward the rear of the complex on level two, this apartment features a generously sized living, dining, and kitchen area on the upper floor, leading to an North-facing balcony offering views. The lower level comprises a sizable bedroom with built-in robes (BIRs), providing access to the main bathroom and a separate toilet.

Complementing the apartment is a NEW split system air conditioner, one secure car park, lift access, a secluded swimming pool, and a security entrance, ensuring both convenience and peace of mind.

Situated amidst the vibrant offerings of Brunswick Street, including retail shops, cafes, restaurants, and bars, this property enjoys proximity to Melbourne’s CBD and the picturesque Carlton Gardens, making it an enviable location.

Currently leased to Metropole Management until October 2028, with further options available thereafter, this apartment presents a compelling investment opportunity.

MPORTANT INFORMATION:

Internal Size: 60 sqm

Balcony Size: 5 sqm

Rent: $24,757 pa ($2,063 per month)
(With annual CPI increases between Market Reviews)

Lease: Until October 2028

Options: 2 x 5-year options

Return: 6.5% Gross
(5.9% Nett)

Outgoings:

Tenant (Metropole) pays – Council Rates, Water Rates, Insurance, and General Maintenance costs.

Owner Pays- Owner Corp Admin Fee – $1,937 pa
Owner Corp Maintenance Fund Fee: $346 pa

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.