SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 216 + Car Park 50
4 18 Ferguson Street
Williamstown
$316,000 (Private Sale)
NB THIS APARTMENT IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
This is a top floor, one bedroom apartment of 50 square meters plus an 8 sqm balcony and secure car park, within a boutique complex of only 42 apartments.
Completed and 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).
This apartment is presently leased, and returning an impressive $454 per week, 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: $23,704 pa (Approx)
(With annual CPI increases between market reviews)
Return: 7.5%
Options: 4 x 5 year options
Tenant Pays: Body Corporate Fees, Insurance, General maintenance and Water usage
Owner pays: Council rates: $870 pa (Approx)
Water Rates: $145 pa (Approx)
Sinking Fund: $580 pa (Approx)
For further enquires, please call the agent.
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.