FLINDERS LANE INVESTMENT WITH OPTION TO OWNER OCCUPY...

Outstanding fully furnished one bedroom apartment of 54 square meters.

Located at the Paris end of Melbournes CBD and on the bustling Flinders Lane, this brilliant warehouse style apartment is of the highest quality and offers individuals the opportunity to secure a rewarding investment, with the added advantage of an option to OWNER OCCUPY with 90 days notice.

The apartment is situated on Level 9 offering an Easterly cityscape aspect, and is comprised of a generous bedroom, superb refurbished bathroom with oversized shower and laundry facilities, and spacious lounge, granite benched kitchen and dining area.

In addition, the complex has a gym and plunge pool, and is situated in the midst of some of Melbournes finest restaurants, bars, cafes and shops.

Currently leased to the Punthill Group as a serviced apartment, but with the advantage of apartment owners ability to extinguish this lease and move in to the apartment and enjoy city living in this prime Flinders Lane location.

IMPORTANT INFORMATION:

CURRENT RENT: $17,728 pa
($340/ week approx)*
*Currently abated by 50% due to covid

INCREASE: Annual CPI increases
between Market Reviews.

RETURN: 4.9 %

LEASE: Until November 2021

OPTIONS: 2 x 6 years

OWNER PAYS:
Owners Corp: $4,297 pa
Maintenance fund: $1,725 pa
Council rates: $1,118 pa
Water rates: $564 pa

Inspection by private appointment only.

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

M: 0438 557 885
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