SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 609 (Lot 510)
318 Little Bourke Street,
Another SOLD by Nick Walters of Kingsford Property Melbournes Serviced Apartment Specialists
Interested in selling? Call Nick discuss your options on 0438 557 885
$309,000 (PRIVATE SALE)
N.B.THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
This is a fabulous one bedroom, two storey apartment located on the fifth floor in this prominent heritage building in the heart of the CBD. With westerly views over Elizabeth St the apartment is just a short stroll to the Bourke Street Mall, fantastic shopping, restaurants and public transport.
Leased to the Mantra BreakFree group, and run as a serviced apartment hotel, the property offers investors the security of a long term lease with further options and minimal outgoings.
Lease Term: Until July 2017
Options: Four x 5 years
Rent: $21,772 pa (Approx)
(With annual CPI increases between market reviews)
Return: 7.1% Return
Outgoings: Tenant (Mantra) pays Owners Corporation Fees, Council Rates, Water Rates and Usage, Insurance and Maintenance Fund Contributions.
For further details please contact our Serviced Apartment specialist
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.