IMPRESSIVE 6.5% NETT RETURN - NO OUTGOINGS...
Pay no annual outgoings and enjoy the benefits of a long term, secure lease with this oversized executive studio serviced apartment of approximately 50sqm.
Situated on Level Four and with a Westerly aspect overlooking the Little Bourke St Reserve, the apartment features an open plan kitchen, dining and living area, generous bedroom with BIR and bathroom with separate bath and shower.
The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct all making this a very desirable investment choice. Leased to the Mantra Group on a long term lease, this investment opportunity is worthy of consideration for your property portfolio.
NB. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
IMPORTANT INFORMATION:
RENT: $21,214 pa
($406 per week approx.)
INCREASE: Annual increase between market reviews (Alternating 3% & CPI)
RETURN: 6.5 % Nett
LEASE: Until March 2023
OPTIONS: 1 x 5 years
TENANT (Mantra) PAYS:
Owners corporation fees
Sinking fund
Council rates
Water rates
Insurance
General maintenance
OWNER PAYS:
NO ANNUAL OUTGOINGS
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property – 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. Kitchen bench may be different to that shown.