SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
$275,000 – FOR PRIVATE SALE
Please Note: This is for the astute investor only – not for owner occupation.
Situated on the Eastern side of the complex and on the second level, this is a superb one bedroom apartment of 50 square meters presently leased to the Quest Apartment group.
This boutique block of only 64 serviced apartments is set in the heart of one of Melbourne’s most sought after suburbs; the building is on Richmond Hill boasting a short walk to the vibrant Bridge Rd and is only minutes away from the MCG, Rod Laver Arena and Melbourne’s CBD.
No vacancies,
No leasing or rent collection fees,
No Owners Corporate fees
No General Maintenance costs
Securely leased to the Quest Group until November 2015 with further options thereafter.
Current rent: $20,139 per annum ($387 per week)
(With annual rental increases of 4%)
Return: 7.3%
Options: 4 x 5 year options
Outgoings:
Owner: Council and Water Rates: $1,160 pa (Approx)
Maintenance Fund: $712 pa (Approx)
Tenant: Body corporate fees, Insurance, General maintenance and Water usage
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.