FULLY RENOVATED AND WITH MINIMAL OUTGOINGS - 6.3% RETURN

Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists.

If youd like to discuss your investment property options please call me on 0438 557 885

This is a superb one bedroom apartment, situated on the front corner of level 5 with a bright westerly aspect.

Recently renovated and immaculately presented, this apartment features a large kitchen, open plan living and dining area, spacious bedroom, built in robes, two-way en suite bathroom with oversize shower and laundry facilities.

Located just 450m from the Flagstaff Gardens, public transport, shopping, cafes and restaurants are all on the doorstep of this attractive inner city investment property.

The apartment is currently leased to the Quest Group until January 2023, with further five year options available thereafter.

This will make an ideal, hassle free, long term investment opportunity with Quest paying for owners corporation fees, council rates, water rates, general maintenance and insurance.

NB: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.

RENT: $20,342 pa ($391 per week approx)

INCREASE: 3% annual increases between market reviews

RETURN: 6.3% Gross

LEASE: Until Jan 2023

OPTIONS: 6 x 5 years

TENANT (Quest) PAYS:
Owners corporation fees
Insurance
General maintenance
Water rates
Council rates

OWNER PAYS:
Maintenance fund: $688 pa (Approx.)

For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.

M: 0438 557 885
P: (03) 9682 6222
E: 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