SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 607
100 Exhibition Street, Melbourne
$304,000
THIS APARTMENT IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
Situated on the sixth floor and on the Eastern side of the building, this is a modern fully furnished one bedroom apartment overlooking the garden of the historic Melbourne Club.
A welcoming entrance hall leads past a fully equipped bathroom to a large open plan lounge and dining area with kitchen. From here, look back on to the large bedroom with built in robes. Laundry facilities, air-conditioning and a security entrance completes the picture.
This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.
PLEASE NOTE: Owners DO NOT payOwners Corporation Fees, Council Rates, Water Rates, Insurance, or General Maintenance costs.
Rent: $21,524 pa ($1,793 per month)
Lease: Until September 2010 years
Options: 1 x 7.5 year option then 2 x 5 year options
Return: 7.1%
This hassle free, high yield, long term investment is something to consider for the astute investor.
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.