SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apt 7
504 Princes Highway
Narre Warren
#220,000 (Private Sale)
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Part of the Quest Narre Warren complex, on offer here is a superb North facing, ground floor three bedroom, two bathroom, apartment within this well positioned small boutique development of only 34 apartments.
A car park is also on title.
Quest Narre Warren is a 4 star serviced apartment accommodation provider located nearby the M1 freeway providing seamless connections to Melbourne’s CBD. Within just 15 minutes walking distance is a range of restaurants and shopping at Fountain Gate Shopping Centre. Tourism destinations nearby include Phillip Island, the Yarra Valley and the Dandenong Ranges.
The complex also boasts a swimming pool, barbecue area and a dedicated conference facility.
Leased to the Quest Group until July 2015 with further options thereafter.
Current rent: $17,606 pa (1,467 per month)
(With annual 4% increases between market reviews)
Return: 8 %
Options: 4 x 5 year options
Tenant Pays: Body corporate fees, Council rates, Water rates, Insurance, General maintenance and Water usage
Owner Pays: Sinking Fund $1,224 pa (Approx)
For further enquires, please call:
Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
[email protected]