Prime Collins Street Investment
Positioned on the fifth floor and on the western side of the block, this is a large 34 square meter studio apartment with open plan kitchen and lounge area.
The apartment offers loads of natural light and impressive views West over Melbournes CBD. This outstanding heritage building is located at the Paris end of Collins Street among blue chip corporations and within easy walking distance to Collins Streets retail shops, restaurants, cafes, bars and Melbournes theatre precinct.
N.B THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
This apartment offers investors the security of a long term lease with Adara Collins as part of a serviced apartment hotel.
Owners can stay up to 30 nights per year in this property (conditions apply)
Rent: $14,754 pa – $283 (approx.)
Return: 5.76%
Reviews: Annual CPI increases between 5 yearly market reviews
Terms: Leased to the ‘Adara Group’ until December 2018
Options: 3 x 5 years thereafter
Outgoings:
Tenant Pays: Owners Corporation Fees
Council Rates
Water Rates
Insurance
Maintenance
Water usage
Owner Pays: NO ANNUAL OUTGOINGS
For further enquiries, please call:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists.
0438 557 885 or (03) 9682 6222
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.