7.5% RETURN - 1 BED APARTMENT PLUS CAR PARK
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
This is a secluded west facing, ground floor, one bedroom apartment of approximately 50 sqm plus an 8 sqm terrace overlooking a quiet communal courtyard. One secure car park is also on offer within this boutique complex of only 43 apartments.
NB. THIS APARTMENT IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
This investment apartment impresses with generous central living area consisting of both lounge and casual meals area which leads to the delightful undercover terrace. The well equipped kitchen comes with modern appliances and euro laundry; the bedroom offers BIRs and access to the tidy tiled bathroom with shower over bath. The property offers split system air conditioning, communal recreational facilities, conference facilities, and is also conveniently located close to trams, Deakin University, local Business Parks and Chadstone Shopping Centre
Returning an impressive $415 per week, this apartment is presently leased to the Punthill Group until August 2022 with further options thereafter.
This is a blue chip property investment for the astute investor.
Current rent: $21,624 pa (Approx)
Increases: Annual CPI increases between market reviews
Return: 7.5% Gross OR 6.7% Nett
Lease: Until September 2022
Options: 2 x 5 year options
Punthill Pays: Insurance, general maintenance and water usage
Owner pays: Owners corp fee: $750 pa (approx), council rates: $900 pa (approx) and water rates: $630 pa (approx)
For further inquiries, please contact:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists
0438 557 885
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.