EAST MELBOURNE INVESTMENT APARTMENT...HUGE 8.2% GROSS RETURN
Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s apartment specialists. If you would like to discuss your residential or investment property options please call me on 0438 557 885
Situated in the heart of Melbourne’s sporting precinct, this studio apartment represents a quality investment asset for the astute investor.
Located on level six and offering a southerly aspect and 25sqm in total, the apartment is part of Mantra on Jolimont serviced apartment hotel.
The apartment is fully climate controlled and boasts a large well appointed queen sized bedroom and lounge area with good storage space and kitchenette. There is also a bright tiled bathroom in excellent condition.
Extra features include the building facilities: spa, heated pool, well equipped gymnasium and restaurant and secure lease to Mantra Group.
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Rent: $13,202 pa or a share of the room revenue per lease year – whichever is greater ($254 per week approx.)
Return: 8.2% gross
Lease: Until August 2019 The 2024 option has been taken up by Mantra
Options: 4 x 5 years
Owner pays: Owners Corporation fees, FF&E contribution, council rates and water rates
For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.
M: 0438 557 885
P: (03) 9682 6222
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