HUGE 7.3% RETURN - $591 PW RENT - 1 Bed + Car Park
ANOTHER APARTMENT SOLD BY NICK WALTERS OF KINGSFORD PROPERTY – THE SERVICED APARTMENT SPECIALISTS
Please call me to discuss your property needs – 0438 557 885
Situated on level six overlooking Little Bourke Street is this 44 square meter one bedroom apartment with car park on title.
The bright living and dining area has an adjoining fully equipped kitchen with stone bench top and stainless steel splash back. The sleek bathroom has full height tiling and shower over bath.
The property offers a Euro laundry, reverse cycle air conditioning, a communal gym and pool, function rooms, concierge service and good security. This property is in a prime Melbourne location in the heart of Melbournes Chinatown precinct, with a myriad of retail shops, cafs, restaurants and bars all at your doorstep.
NB. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
A hassle free investment with no vacancies, no leasing or rent collection fees, no body corporate fees, council or water rates or general maintenance costs.
Please Note: The owner can use their apartment for up to 7 days per year. (Conditions apply)
Leased until November 2020 with further options there after.
Current rent: $30,754 pa (Approx) Effective Nov 2017
Reviews: Annual 3% increases between market reviews each 5 years
Return: 7.3%
Options: 2 x 5 year options
Outgoings:
Owner Pays:
Sinking fund $806pa (Approx)
Tenant (Punt Hill)Pays:
Owners corporation fees
Council rates
Water rates
Insurance
General maintenance
Water usage
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.