SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 57
43 51 Lonsdale Street, Melbourne
$205,000 (Private Sale)
NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Situated on the South West corner of the block this suburb 5th floor one bedroom apartment of 34 square meters is overlooking trendy Punch Lane and is positioned right in the heart of Melbournes theatre precinct.
This investment apartment is operated by Quest.
Long term lease and minimal outgoings apply here with Owners Corporate fees, general maintenance, water rates and insurance all paid by your tenant Quest.
Please Note: The owner can use their apartment for up to 30 days per year. (Conditions apply)
Lease: Until October 2017
Options: 1 x 10 Year Option
Rental: $14,669 pa ($1,222 per month)
(With CPI increases between market reviews)
Return: 7.2%
Outgoings:
Tenant (Quest) pays: Body Corporate, Water Rates, General Maintenance and Insurances
Owner pays: Council Rates: $498 pa (Approx)
Capital Maintenance Levy: $373 pa (Approx)
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.