Sold by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apt 702
9 Balmoral St
South Yarra
NOW $335,000
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Your fabulous two bedroom, two bathroom investment apartment with car park on title awaits…
This Quest complex is located in the heart of South Yarra, in the midst of fashionable Chapel Street and Commercial Road, behind the Prahran Market and the myriad of fantastic restaurants and cafes that the precinct is known for.
Securely leased, the property offers a continuous income stream with substantially reduced outgoings and a massive $409 pw rental return.
The apartment is leased to Quest until 2014 with further option thereafter.
This apartment offers investors the security of a long term lease with further options and minimal outgoings.
Owners can also stay in their apartment up to 60 nights per year (conditions apply)
Current Rent: $21,340 per annum ($1,778 pcm)
Return: 6.4%
Reviews: CPI increase Sept 2011
Lease Term: Until Sept 2014
Options: 4 x 5 year
Outgoings: Owner pays: Council and Water rates $1,118 pa (Approx)
Sinking Fund $250 pa (Approx)
Tenant – “Quest” – pays: Owners Corporate fees, Insurance, Water usage and General Maintenance.
For further enquires, please call:
Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
[email protected]
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.