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

Apartment 408
250 Elizabeth Street, Melbourne

$228,000 (Private Sale)

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

Situated on the fourth level and with the preferred Westerly aspect, this is a bright one bedroom apartment of approximately 50 square meters with fully equipped bathroom with laundry facilities, large open plan kitchen, dining and lounge area. The building has good security, and facilities include fully equipped gymnasium, sauna, swimming pool, spa and outdoor area with BBQ facilities. This building is in a prime location in Melbournes CBD with quality retail shops, restaurants, cafes and bars at your doorstep.

The apartment is presently leased to the Somerset Group until 2023, with further 10 year options thereafter.

As part of the lease terms, owners DO NOT pay

Owners Corporation Fees
Council Rates
Water Rates
Insurance
General maintenance

Rent: $15,429 pa OR Avg: $1,285 per month (2014)

Lease: Until 2023

Options: Further 10 Year Options

Return: 6.8% NETT

This high yield long term investment is surely 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
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.