6.5% RETURN - CENTRAL ONE BEDROOM APARTMENT

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 on level three with the preferred Northerly aspect overlooking Lonsdale St is this neat one bedroom investment apartment of approximately 41 square meters.

Comprising of an open plan dining and living area with immediate balcony access, tidy kitchen, bedroom with a large built in robe and full size bathroom featuring a shower over bath.

The property offers a secure entrance and is in a prime Melbourne location at the top end of the CBD with major retail shops, restaurants and cafes close at hand.

Currently leased to Quest Lonsdale until October 2027 with a further ten year option, this is a secure and attractive property investment for the astute investor.

NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

Long term lease and minimal outgoings apply here with owners corporate fees, general maintenance, water rates and insurances all paid by your tenant Quest.

Please Note: The owner can use their apartment for up to 30 days per year. (Conditions apply)

Rental: $18,480 pa ($354 per week)

Increases: Annual CPI increases from the third year of each term

Return: 6.5%

Lease: Until October 2027

Options: 1 x 10 Year Option

Tenant (Quest) pays:
Owners Corporation Fees
Water Rates,
General Maintenance
Insurances

Owner pays:
Council Rates: $918 pa (Approx)
Sinking Fund: $549 pa (Approx)

For further enquires please call:
Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
nick@kingsfordproperty.com.au

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.