HUGE- 6.75% NETT RETURN - PLUS UP TO 30 DAYS OWNERS USE PER YEAR...
Your next investment opportunity awaits…
Situated on level three and with the preferred Northerly aspect overlooking Lonsdale Street, is this one bedroom apartment of approximately 41m2.
Comprising a functional kitchen, open plan dining and lounge room leading to a treetop Juliette balcony, neat fully equipped bathroom including laundry facilities plus an excellent private double bedroom.
UP TO 30 DAYS “OWNERS USE” PER ANNUM – Condition Apply.
Positioned in a prime Melbourne location at the top end of the CBD with major retail shops, restaurants and cafes close at hand.
The apartment is presently leased to Comfort Hotels until October 2027.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
IMPORTANT INFORMATION:
RENT: $18,775 pa
($360 per week approx.)
INCREASE: CPI increases from the 3rd year of each lease term (Between Market Reviews)
RETURN: 7.73% Gross
6.75% Nett
LEASE: Until October 2027
OPTIONS: None
TENANT (Comfort Hotels) PAYS:
Owners Corp fees
Water rates
Insurance
General maintenance
OWNER PAYS:
Council rates: $944 pa
Sinking fund: $1,415 pa
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property – 0438 557 885
[email protected]
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.