9.4% GROSS RETURN - ENTRY LEVEL INVESTMENT INTO EAST MELBOURNE...
Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s apartment specialists with over 27 years experience in the apartment market.
If you’d like to discuss your property options please call me on 0438 557 885
Situated in the heart of Melbourne’s sporting precinct, this one bedroom apartment represents a quality investment asset for the astute investor.
Located on Level five and offering a Southerly aspect, this is a 47 square meter one bedroom apartment within the Mantra on Jolimont serviced apartment hotel. The apartment is fully climate controlled, double glazed, and boasts a large well-appointed bedroom and separate lounge and kitchen area with good storage space. The bright tiled bathroom features quality fittings.
The property’s facilities include a spa, heated pool, well-equipped gymnasium and restaurant.
Currently leased to the Mantra Group for $254 per week.
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
IMPORTANT INFORMATION
RENT: $13,230 pa
(Or a share of the room revenue per lease year – whichever is greater)
RETURN 9.4% (Gross)
6.5% (Nett)
LEASE Until August 2024
OPTIONS 3 x 5 year
OWNER PAYS:
Owners Corp Fees: $2,302 pa
Water Rates: $986 pa
Council Rates: $863 pa
inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property – 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.