HUGE 6.9% RETURN - JUST $385K FOR 1 BEDROOM PLUS CAR PARK..

Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists with over 20 years experience in the serviced apartment market.

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

This generous top floor one bedroom investment apartment of 52 sqm plus a 12 sqm balcony overlooks vibrant Ferguson Street and is within minutes to beaches, boutique shops, waterfront eateries, park lands and public transport.

Features include, wide open plan kitchen, living and dining area, stainless steel appliances, full wall of robes in the bedroom, stylish bathroom with shower over bath and one secure car park.

Just one of forty two apartments, the property has a secure long term lease and offers the option for the owner to stay in their apartment for up to 30 days per year (conditions apply).

Presently leased to the Punt Hill Group until August 2022 with further options available and returning an impressive $511 per week, this is a blue chip property investment for the astute investor.

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

RENT $26,576 pa
($511 per week approx.)

INCREASE Annual CPI increases between market reviews

RETURN 6.9% (Gross)

LEASE Until August 2022

OPTIONS 4 x 5 years

TENANT PAYS:
Owners corporation fees
Insurance
General maintenance
Water usage

OWNER PAYS:
Council rates $840 pa approx.
Water rates $441 pa approx.
Sinking fund $1,300 pa approx.

For further information please contact:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists
0438 557 885
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.