HUGE 7% RETURN - 1 BED INVESTMENT APARTMENT IN CHINATOWN

Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists.

If youd like to discuss your investment property options please call me on 0438 557 885

Situated on level five and facing North/East , this is a 38 square meter (Approx) one bedroom apartment with fully equipped bathroom containing a spa and laundry facilities, kitchen, and open plan lounge and dining room leading to a two sqm balcony.

The property also offers double glazing, reverse cycle air conditioning, a communal gym and pool, function rooms, concierge service and good security.

This property is in a prime Melbourne location in the heart of Melbournes Chinatown precinct on Little Bourke Street, with a myriad of retail shops, cafs, restaurants and bars all at your doorstep.

A hassle free investment with no vacancies, no leasing or rent collection fees, no body corporate fees, council or water rates or general maintenance costs.

Leased until November 2015 with further options thereafter.

Current rent: $18,711 pa (Approx)
(With annual 3% increases between market reviews)

Return: 7%

Options: 2 x 5 year options

Annual Outgoings:

Owner: Sinking Fund $550pa (Approx)

Tenant (Punt Hill): Owners Corporate Fees, Council Rates and Water Rates, Insurance, General Maintenance and Water Usage

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.