6.5% Gross Return

SOLD WITH NO ADVERTISING AND WITHIN 3 DAYS

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

Overlooking the treetops of Exhibition Street, this west facing third floor serviced apartment makes the perfect high yield investment.

Securely leased to the Mantra Group until 2023 with further lease options and minimal outgoings.

Rent: $23,556 pa
($453 pw)

Increases: Annual 4% increase and market reviews every 5 years

Lease: To March 2023

Options: 3 x 5 years

Tenant outgoings
Owners corporation fees
Council rates
Water rates
Insurance
General maintenance

Landlord outgoings
Maintenance fund $1,900 pa approx.