ENTRY LEVEL INVESTMENT OPPORTUNITY - 7.3% RETURN BEING OFFERED...
Tenanted until March 2027, enjoy the benefits of a secure lease with this oversized executive studio serviced apartment of approximately 40sqm.
Situated on Level Five and with a Westerly aspect overlooking the Little Bourke St Reserve, the apartment features an open plan kitchen, dining and living area, generous bedroom with BIR and bathroom with separate bath and shower.
The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct – all making this a very desirable investment choice.
Leased to the Mantra Group on a long term lease, this investment opportunity is worthy of consideration for your property portfolio.
NB: THIS LEASE CAN BE EXTINGUISHED BY EITHER PARTY BY PROVIDING 4 MONTHS NOTICE
IMPORTANT INFORMATION:
RENT: $21,851 pa (Effective April 2023)
($420 per week approx.)
INCREASE: Annual from 2025 alternating CPI & 3%.
RETURN: 7.3% Gross
(6.5% Nett)
LEASE: Until March 2024
OPTIONS: Three Further One Year Options
TENANT (Mantra) PAYS:
Owners Corporation Admin
Insurance
General maintenance
OWNER PAYS:
Maintenance Fee: $589 pa
Council Rates: $927 pa
Water Rates: $958 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.