SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 306
100 Exhibition Street, Melbourne
$289,000
PLEASE NOTE: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
Situated on the third floor and on the front of the building, this is a modern fully furnished one bedroom apartment in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.
As part of the lease terms, owners DO NOT pay…
Owners Corporation Fees
Council Rates
Water Rates
Insurance
General maintenance
Rent: $20,808 pa ($1,734 per month)
Lease: Until September 2017
Options: 2 x 5 year options
Return: 7.2%
This high yield long term investment is surely something to consider for your property investment portfolio.
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.