SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists

Another SOLD by Nick Walters of Kingsford Property Melbournes Serviced Apartment Specialists

Interested in selling? Call Nick discuss your options on 0438 557 885

Situated on the preferred Northern side of the block of the building this is a neat one bedroom sixth floor apartment of 35 square meters, offering kitchen and lounge leading to a bedroom with balcony overlooking Lonsdale Street and as new bathroom with laundry facilities.

The complex is positioned right in the heart of Melbournes theatre precinct.

This investment apartment is operated by Quest and returns an impressive $322 per week.

Long term lease and minimal outgoings apply here with owners corporate fees, general maintenance, water rates and insurances all paid by your tenant Quest.

Please Note: The owner can use their apartment for up to 30 days per year. (Conditions apply)

N.B This property is not for owner occupation but for investment only.

Lease: Until October 2017 with further option.

Options: 1 x 10 Year Option

Rental: $16,766 pa ($1,397 per month)(annual CPI increases from the third year of each term, between market reviews)

Return: 7%


Tenant (Quest) pays: Owners Corporation Fees, water rates, general maintenance and insurances

Owner pays: Council rates: $774 pa (Approx)
Capital maintenance levy: $494 pa (Approx)

For further enquires please call us – the Serviced Apartment Specialists.

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.