Sold by Nick Walters of Kingsford Property
Apartment 741 (Lot 41)
9 Balmoral Street, South Yarra
$405,000
THIS TOWNHOUSE IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION AS PRESENT LEASE MAY RUN UNTIL 2019
Your fabulous fully furnished two bedroom investment apartment with car park awaits
This Quest complex is located in the heart of South Yarra, in the midst of fashionable Chapel Street and Commercial Road, behind the Prahran Market and the myriad of fantastic restaurants and cafes that the precinct is known for.
Securely leased, the property offers a continuous income stream with substantially reduced outgoings and a massive $443 pw rental return with CPI increase in 2011.
The apartment is leased to Quest and run as a serviced apartment hotel.
This apartment offers investors the security of a long term lease with a further option and minimal outgoings.
PLEASE NOTE: OWNERS CAN ALSO STAY UP TO 60 NIGHTS PER YEAR IN THEIR APARTMENT (conditions apply)
Current Rent: $23,052 per annum ($1,921 pcm)
Return: 5.7%
Reviews: CPI increase in year three of each lease term.
Lease Term: Until July2014
Options: 1 x 5 year
Outgoings: Owner pays Council and Water rates: $753 pa (Approx)
Tenant Quest – pays Owners Corporate fees, Insurance, Water usage and General Maintenance.
For further details please contact:
Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
[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.