INNER CITY 1 BEDROOM INVESTMENT + ADDED BONUS OF 30 DAY STAY PER YEAR !
Situated on level five and with the quiet Southerly aspect, is this one bedroom apartment of approximately 36m2.
Comprising a functional kitchen, open plan dining and lounge room leading to a neat fully equipped bathroom including laundry facilities plus an excellent private double bedroom.
Positioned in a prime Melbourne location at the top end of the CBD with major theatre, retail shops, restaurants and cafes close at hand.
The apartment is presently leased to Comfort Hotels until October 2027 with two further 10 year lease options there after.
As an added bonus you are able to stay in your apartment for up to 30 days per year- perfect for that weekend get away in the city. (Conditions Apply)
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
IMPORTANT INFORMATION:
RENT: $16,699 pa ($321 per week)
INCREASES: Annual increases from 3rd year of each term (CPI up to 7%)
RETURN: 7.4% Gross ( 6.5% Nett)
LEASE: Until October 2027
OPTIONS: Two x 10 Year
TENANT (Comfort Hotels) PAYS:
Owners Corporation Admin fees
Water Rates
Insurance
General maintenance
OWNER PAYS:
Maintenance fund: $1,182pa (Approx)
Council rates: $876 pa (Approx)
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists
Mob: 0438 557 885
Email: [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.