PRIME EXHIBITION STREET INVESTMENT...
Situated on Level Six and with a quiet Easterly aspect overlooking the gardens of The Melbourne Club, this is a one bedroom serviced apartment measuring approximately 50 square meters. This apartment offers a generous bedroom with built in robes, lounge, well equipped kitchen with electric hotplates, and loads of storage. In addition, a fully appointed bathroom with shower over bath, and laundry facilities.
The property offers security entrance and is in a prime Melbourne location at the “Paris end” of the CBD with quality retail shops, restaurants and cafes also close at hand.
The apartment is currently in a Joint Venture with 1834 Hotels on a rolling one year basis until 2023.
This joint venture can be terminated by the apartment owner by providing two month’s written notice to the operator.
IMPORTANT INFORMATION:
RENT: Monthly profit share as per Joint Venture agreement.
(2023/2024 year = $20,867 pa)
Joint Venture: Rolling annually until November 2033
JV Termination: Two months notice required
TENANT (1834 HOTELS/MANTRA) PAYS:
Owners Corporation Fees: $ 4,273 pa
OWNER PAYS:
Council Rates: $1,475 pa
Water Rates: $1110 pa
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property – 0438 557 885
[email protected]
Disclaimer: 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. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to determine whether this information is accurate.