Mantra City Central
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 is a fabulous one bedroom apartment of approximately 34 square meters, located on the fourth floor in this prominent heritage building in the heart of the CBD. With westerly views over Elizabeth St the apartment is just a short stroll to the Bourke Street Mall, fantastic shopping, restaurants, cafes bars and public transport.
Securely leased to the Mantra group, and run as a serviced apartment hotel, the property offers investors the benifit of a long term lease with further options and NO annual outgoings.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Lease Term: Until July 2017
Options: Two x 5 years
Rent: $15,106 pa (Approx)
Rent increase: Annual CPI increases between market reviews
Return: 6% Net
Outgoings:
Tenant (Mantra) pays
Owners corporation fees
Council rates
Water rates
Water usage
Insurance
Maintenance fund contributions
For further details please contact:
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.