6.5% RETURN - CASH FLOW FOR YOUR SMSF
Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists.
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 apartments.
On offer here for the astute investor is a large One Bedroom apartment of 58 square meters situated on Level 2 and on the North/West corner of the block. This apartment offers high ceilings, functional floor plan offering a spacious central living area in addition to an integrated granite kitchen with quality appliances. The cosy bedroom offers built in robes and access to the sparkling bathroom with a shower over a bath.
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 three function rooms.
N.B THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Leased to the Oaks Group until September 2021 with further options thereafter.
Current rent: $23, 302 pa ($448 per week)
Return: 6.5 %
Options: 3 x 5 year options
Rental Increases: CPI increases in years 3, 4 & 5 of the lease
Tenant Pays: Body corporate fees, Council and Water rates, Insurance, General Maintenance and Water usage
Owner Pays: Sinking Fund $1,593 pa (Approx)
For further enquires, please call:
Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
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.