6.7% RETURN - BRILLIANT ONE BEDROOM INVESTMENT APARTMENT

Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists with over 20 years experience in the serviced apartment market.

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

Situated in the heart of the city in the 4.5 star ‘Oaks on Market’ property is this impressive large one bedroom apartment.

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

Positioned on level 5 with a bright easterly aspect it boasts a generous living/dining area with adjacent integrated granite kitchen with quality appliances. The generous queen sized bedroom also includes built in wardrobes plus a sparkling bathroom with shower over bath.

High ceilings, excellent natural light and ducted reverse cycle air conditioning complete the picture.

An elegant building lobby, beautiful open plan restaurant and bar, fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms

Leased to the Oaks Group until September 2021

Current rent: $23,302 pa ($448 per week)

Return: 6.7 %

Options: 3 x 5 year options

Rental Increases: CPI increases in years 3, 4 and 5 of each five year lease term.

Tenant Pays:
Owners Corporation fees
Council and water rates
Insurance
General maintenance
Water usage

Owner Pays:
Sinking Fund $346 per Quarter (Approx)

For further information please call:

Nick Walters of Kingsford Property Melbournes Serviced Apartment Specialists

Mob: 0438 557 885 OR Ph: (03) 9682 6222
Email: 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.