SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists

Apartment 31
43 51 Lonsdale Street, Melbourne

$325,000

PLEASE NOTE: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.

Suburb 3rd floor two bedroom apartment of 54 square meters plus balcony overlooking Lonsdale Street positioned right in the heart of Melbournes theatre precinct.

This investment apartment is returning an impressive $403 per week.

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

BONUS: The owner can use their apartment for up to 30 days per year – subject to availability and conditions apply.

Lease: Until October 2017

Options: 1 x 10 Year Option

Rental: $20,965 pa ($1,747 per month)

Return: 6.5%

Outgoings:

Tenant (Quest) pays:Owners Corporation fees, Water Rates, General Maintenance and building insurance

Owner pays: Council Rates: $850 pa (Approx)
Capital Maintenance Levy: $1,207 pa (Approx)

For further enquires please call:

Nick Walters of Kingsford Property
0438-557885
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.