ONE OF THE BEST MANTRA LEASES IN THE CBD

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

Pay no annual outgoings and enjoy the benefits of a long term, secure lease with this over sized executive studio serviced apartment of approximately 50sqm.

Situated on Level six and with an Easterly aspect, the apartment features an open plan kitchen, dining and living area, huge bedroom large enough for two queen sized beds 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 IS FOR THE ASTUTE INVESTOR ONLY NOT FOR OWNER OCCUPATION.

RENT: $18,960 pa ($365 per week approx.)

INCREASE: Annual increase between market reviews (Alternating 3% & CPI)

RETURN: 5.2% net

LEASE: Until July 2022 March 2023

OPTIONS: 1 x 5 years

OUTGOINGS:
TENANT (Mantra) PAYS:
Owners corporation fees, sinking fund, council rates, water rates, insurance and general maintenance

OWNER PAYS:
NO ANNUAL OUTGOINGS

For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.

M: 0438 557 885
P: (03) 9682 6222
E: nick@kingsfordproperty.com.au

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