SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 403
100 Exhibition St. Melbourne
$299,000 (Private Sale)
N.B. This apartment is for the astute investor only – not for owner occupation
Situated on the fourth floor and on the Eastern side of the building, this is a modern one bedroom apartment of approximately 50 square meters overlooking the gardens of the historic Melbourne Club.
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.
As part of the lease terms, owners DO NOT pay…
Owners Corporation Fees
Council Rates
Water Rates
Insurance
General maintenance
Rent: $21,585 pa ($1,798.75 per month)
(With 4% annual increases between Market Reviews)
Lease: Until March 2018
Options: 4 x 5 year options
Return: 7.2%
This high yield long term investment is surely something to consider for your property investment portfolio.
For further enquiries, 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.