SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists

Apt 511
11-17 Cohen Place, Melbourne

Another SOLD by Nick Walters of Kingsford Property Melbournes Serviced Apartment Specialists

Interested in selling? Call Nick discuss your options on 0438 557 885

$299,000 (Private Sale)

N.B. THIS IS FOR ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.

Situated on level five and facing East , this is a 45 square meter one bedroom apartment with fully equipped bathroom with spa and laundry facilities, kitchen, and open plan lounge and dining room leading to a three sqm east facing balcony.

The property also offers reverse cycle air conditioning, a communal gym and pool, function rooms, concierge service and good security. This property is in a fabulous Melbourne location in the Chinatown precinct on Little Bourke Street, with a myriad of retail shops, caf├ęs, 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: $22,303 pa (Approx)
With annual 4% increases between market reviews)

Return: 7.5%

Options: 3 x 5 year options

Annual Outgoings:

Owner Pays: Sinking Fund $708 pa (Approx)

Punt Hill Pays: Owners Corporate Fees, Council Rates and Water Rates, Insurance, General Maintenance and Water Usage

For further enquires, please call the agent…

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.