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

PUNT HILL FLINDERS LANE

Apartment 406
267 Flinders Lane, Melbourne

$220,000

THIS APARTMENT IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.

Ideally located in the middle of Melbournes groovy caf and bar precinct of De Graves Street, and just minutes to Melbournes major retails shops, the Southbank entertainment precinct, and also a stones throw to the new Docklands development, this apartment is the ideal hassle free investment.

Situated on the fourth level of a six story building, this outstanding fully furnished, North facing one bedroom apartment of 47 square meters features a modern kitchen with stainless steel appliances, dining area and open plan lounge room. There is also a fully equipped bathroom .

This investment apartment offers no vacancies, no leasing or rent collection fees and no general maintenance costs. In short, Punt Hill Flinders Lane ” is an outstanding property investment opportunity.

Securely leased to the Punt Hill Group until May 2012 with further options.

Current rent: $15,206 per annum ($1,267 pcm)
(With annual CPI increases between market reviews)

Return: 6.9%

Options: 3 x 5 year options

Outgoings:
Owner: Owners Corporation Fees: $1,450 pa (Approx)
Council rates: $600 pa (Approx)
Water rates: $500 pa (Approx)

Tenant: Insurance, General maintenance and Water usage

For further enquires, please call:

Nick Walters of Kingsford Property
(03) 9682 6222 OR 0438 557 885
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.