Huge 71 sqm 1 Bedroom Apartment - 6% NETT Return
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
This superb oversized one bedroom apartment of 71 square meters is situated on Level 5 and on the front corner of the building with a bright South Westerly aspect.
This sun filled apartment offers fully equipped kitchen with dishwasher, four hotplates, oven, and loads of storage. The generous carpeted lounge and dining area provides two walls of glazing and a 9 square meter balcony offering city views. There is a good sized bedroom with built in robes and the large two-way en suite bathroom offers shower over bath. A separate laundry cupboard, on-floor storage unit, designated floor lift access, excellent security, and public transport at the doorstep complete the picture.
Currently leased to the Quest Group until January 2018, with further five year options available thereafter.
This will make an ideal, hassle free, long term investment opportunity with Quest paying owners corporation fees, council rates, water rates, general maintenance and insurance.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Current rent: $25, 095 per annum ($482 per week) Approx
Return: 6.3% Gross
Lease: Until January 2018
Rental Increases: 4% annual increases each January between Market Reviews
Options: 4 x 5 year options
OUTGOINGS
Tenant pays:
Owners Corporation fees
water rates
council rates
Insurance
General maintenance
Owner pays:
Sinking Fund of $845 pa (Approx)
For further enquires, please call:
Nick Walters of Kingsford Property
(03) 9682 6222 or 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.