SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 307
100 Exhibition Street, Melbourne
$295,000 (Private sale)
NOT FOR OWNER OCCUPATION
Situated on the third floor and on the Eastern side of the building, this is a modern one bedroom apartment of approximately 50 square meters.
A welcoming entrance hall leads past a fully equipped bathroom to a large open plan lounge and dining area with kitchen. From here, look back on to the large bedroom with built in robes. Laundry facilities, air-conditioning and a security entrance complete the picture.
This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.
PLEASE NOTE: Owners DO NOT pay Owners Corporation Fees, Council Rates, Water Rates, Insurance, or General Maintenance costs.
Rent: $21,407 pa ($1,783 per month)
(With 4% annual increases between Market Reviews)
Lease: Until March 2018
Options: 2 x 5 year options
Return: 7.25%
This hassle free, high yield, long term investment is something to consider for the astute investor.
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.