PRIME LOCATION, PRIME INVESTMENT - 7.4% RETURN

Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists with over 20 years experience in the serviced apartment market.

If youd like to discuss your investment property options please call me on 0438 557 885

This stand out apartment is located in the heart of trendy South Yarra. Only a short stroll to the myriad of retail shops, cafs, restaurants, cinemas and nightlife that Toorak Rd and Chapel St have to offer.

A unique and impressive 98 sqm 2 bedroom, 2 bathroom apartment that is complemented by an amazing large 96sqm entertainers terrace overlooking claremont street.

Also offering stone bench tops, stainless steel appliances including dishwasher, high ceilings, floor to ceiling glazing, split system air conditioning and built in wardrobes. With two secure undercover car parks and a storage cage also included on title, this apartment is a prime opportunity for the astute investor.

NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

Securely leased to Amity South Yarra Apartments until November 2017 with further options thereafter.

Current rent: $43,069 per annum ($828 per week approx)

(Annual 4% rental increases between market reviews. Next market review is due November 2017)

Return: 7.4% (G)

Options: 4 x 5 year

Tenant Pays:
Insurance
General maintenance
Water usage

Owner pays:
Owners corporation and sinking fund fees
Council rates $1,646.97 per annum (approx.)
Water rates $600 per annum (approx.)

For further information please call:

Nick Walters of Kingsford Property Melbournes Serviced Apartment Specialists

Mob: 0438 557 885 OR Ph: (03) 9682 6222
Email: 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.