SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
318 Little Bourke Street,
$230,000 (Private Sale)
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
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 and public transport.
Leased to the Mantra group, and run as a serviced apartment hotel, the property offers investors the security of a long term lease with further options and NO annual outgoings.
Lease Term: Until July 2017
Options: Two x 5 years
Rent: $14,977 pa (Approx)
(With annual CPI increases between market reviews)
Return: 6.5% Nett
Outgoings: Tenant (Mantra) pays Owners Corporation Fees, Council Rates, Water Rates and Usage, Insurance and Maintenance Fund Contributions.
For further details please contact:
Nick Walters of Kingsford Property – THE SERVICED APARTMENT SPECIALIST
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.