SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists

Apartment 211 + Car Parks 64 & 65
4 18 Ferguson Street

Another SOLD by Nick Walters of Kingsford Property Melbournes Serviced Apartment Specialists

Interested in selling? Call Nick to discuss your options on 0438 557 885

$403,000 (Private Sale)


This is a very spacious top floor one bedroom apartment of 52 square meters plus a 12 sqm balcony overlooking vibrant Ferguson Street. TWO secure car parks are also on offer within a boutique complex of only 42 apartments.

Situated a stones throw from the waters edge, the development is in a prime position and offers a secure long term rental, and also the option for the owner to stay in their apartment for up to 30 days per year (conditions apply).

Returning an impressive $543 per week, this apartment is presently leased to the Punt Hill Group until August 2017 with further options thereafter.

This is a blue chip property investment for the astute investor.

Current rent: $28,242 pa (Approx)
(annual CPI increases between market reviews)

Return: 7%

Options: 4 x 5 year options

Tenant Pays: Owners’ corporate fees, insurance, general maintenance and water usage

Owner pays: Council rates: $1,120 pa (Approx)
Water rates: $600 pa (Approx)
Sinking fund: $800 pa (Approx)

For further enquires, please call Nick Walters of Kingsford Property
– the Serviced Apartment Specialists

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. Prospective purchasers are advised to carry out their own investigations.