SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 402
100 Exhibition Street, Melbourne
$429,000
7% Return
PLEASE NOTE: THIS APARTMENT IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
On offer here is a modern fourth floor, two bedroom apartment of approximately 65 square meters situated on the South West corner of the building with tree top views over Exhibition Street. A large open plan lounge and dining area welcomes the owner from a small entrance hall. Fully equipped kitchen, bathroom, laundry facilities, air-conditioning and the advantage of one secure car space on title completes this desirable investment.
Fully furnished and managed by the Mantra Group as a 4 star rated apartment hotel you will receive a massive $580 per week in rent.
Please Note : Tenant pays Body Corp Fees, Insurance, General Maintenance, Council Rates and Water Rates.
Rent: $30,194 pa ($2,516 per month) Approx
Lease: Until September 2010
Options: 1 x 7.5 year option then 2 x 5 year options
Return: 7%
This high yield, long term investment is something to consider for your property investment portfolio.
For further enquires, please call:
Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
[email protected]
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.