6.9% Return And This Is Your View!
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
Situated in the heart of the city, the Oaks on Market is a fabulous apartment hotel comprising superbly appointed, self contained serviced apartments.
Perfect for the astute investor, this large studio apartment of 37m2 situated on level 21 and with a South Eastern aspect offering sweeping views. This apartment offers high ceilings, functional floor plan offering a smart central living area in addition to an integrated granite kitchen with quality appliances and space for a queen sized bed and built in robes. Also included is a sparkling bathroom with a shower over bath and ducted reverse cycle air conditioning.
This well maintained building provides intercom entry to an elegant lobby with a reception area and restaurant/bar. It also has lift access, a fully equipped gymnasium, heated lap pool, sauna, spa and 3 function rooms.
Securely leased to the Oaks group until September 2016 with 4 further 5 year options thereafter.
Rent: $23,302 pa – $448 per week (approx.)
Return: 6.9%
Reviews: 5% increases every 2nd year of the lease
Terms: Leased to the ‘Oaks Group’ until September, 2016
Options: 4 x 5 year options thereafter
Outgoings:
Tenant pays: Owners Corporation fees
Council rates
Water rates
Insurance
General Maintenance
Water usage
Owner pays: Sinking fund – $250 per quarter (approx.)
For further enquiries, please call:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists.
0438 557 885 or (03) 9682 6222
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.