HUGE 9% GROSS RETURN - 1 BEDROOM APARTMENT
Newly refurbished and ideally located in the middle of Melbournes vibrant caf and bar precinct of De Graves Street, this apartment is the ideal hassle free investment. The property’s position is just minutes to Melbournes major retails shops, the Southbank and Crown entertainment precinct, and also a stones throw to Docklands.
N.B THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Situated on the third level of a six story building, this outstanding one bedroom apartment of 47 square meters is situated on the preferred North side the building overlooking Flinders Lane and features a modern kitchen with stainless steel appliances, dining area and open plan lounge room. There is also a fully equipped bathroom.
This investment apartment offers no vacancies, no leasing or rent collection fees and no general maintenance costs. In short, Punt Hill Flinders Lane ” is an outstanding property investment opportunity.
Securely leased to the Punt Hill Group until August 2017 with further options.
Rent: $19,451 pa – $373 per week (approx.)
Return: 9 % (Gross)
Review: Annual CPI increase and market reviews every 5th year of lease
Terms: leased to the ‘Punt Hill Group’ until August 2017
Options: 3 x 5 year further options
Outgoings:
Tenant:
General maintenance
Insurance
Water usage
Owner:
Owners’ Corporation fees; $17,369 pa (Until 2018 – afterwhich they will decrease dramatically)
Council rates: $831 pa
Water rates: $650 pa
For further enquiries, please contact:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists.
0438 557 885
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.