SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 312
471 Little Bourke Street, Melbourne
$260,000 (Private Sale)
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Situated on the third floor and on the sunny Western side of the building, this is a modern one bedroom apartment of approximately 50 square meters with open plan kitchen, dining and lounge area. In addition to this, there is a large bedroom with mirrored robes and a sparkling bathroom completes the picture.
The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct all making this a very desirable investment choice.
This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.
Rent: $16,770pa ($1,397 per month – approx)
(With annual increases between Market Reviews)
Lease: Until March 2018
Options: 2 x 5 year options
Return: 6.5%
Annual Outgoings: Mantra pays Owners Corp Fees, Council Rates, Water Rates, Insurance, and General Maintenance costs.
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. Prospective purchasers are advised to carry out their own investigations.