6.2% RETURN MANTRA 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

Modern and located on the fifth floor of Mantra 100 Ex, this east facing investment apartment offers a secure long term lease as part of the 4.5 star rated serviced apartment hotel.

Features include: a large open plan living and dining area overlooking the Melbourne Club grounds, galley styled kitchen, good sized bedroom with built in robes, neat bathroom with bath, air conditioning, laundry facilities, and security entrance.

The property offers a prime Melbourne location at the Paris end of the CBD with high end retail shopping, restaurants, cafes and bars close at hand.

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

RENT: $20,688pa
(approx. $1,724 per month)

INCREASE: With 4% annual increases between market reviews

RETURN: 6.2% (Gross)

LEASE: Until March 2023

OPTIONS: 1 x 5 year option

TENANT (MANTRA) PAYS:
– Owners corporation fees
– Council rates
– Water rates
– Insurance
– General maintenance
– Water usage

OWNER PAYS:
– Maintenance fund of approx. $510 per quarter

For further enquires, please call:

Nick Walters of Kingsford Property – the Serviced Apartment Specialists
(03) 9682 6222 or 0438 557 885
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.