SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 601
471 Little Bourke Street, Melbourne
$235,000 (Private Sale)
N.B. THIS IS FOR ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Situated on the sixth floor and on the Eastern side of the building, this is a modern one bedroom apartment of approximately 50 square meters with open plan kitchen, dining and lounge area. In addition to this, there is a large bedroom area with room for two Queen size beds, study area and mirrored robes. A sparkling bathroom completes the picture.
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.
This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.
Rent: $16,361 pa ($1,363 per month)
(With annual increases between Market Reviews)
Lease: Until March 2018
Options: 4 x 5 year options
Return: 7%
Outgoings: Mantra pays Owners Corp Fees, Council Rates, Water Rates, Insurance, and General Maintenance costs.
INSPECTION STRICTLY BY APPOINTMENT
For further enquires, please callthe 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. Prospective purchasers are advised to carry out their own investigations.