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

Apartment 704
100 Exhibition Street, Melbourne

$299,000

PLEASE NOTE: This is for the astute investor only. This is NOT for owner occupation.

Situated on the seventh floor and on the front of the building, this is a modern fully furnished one bedroom apartment in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.

As part of the lease terms, owners DO NOT pay…

Owners Corporation Fees
Council Rates
Water Rates
Insurance
General maintenance

Rent: $21,864 pa ($1,822 per month)

(With 4% annual inceases between Market Reviews)

Lease: Until March 2018

Options: 2 x 5 year options

Return: 7.4% (Gross)

This high yield long term investment is surely something to consider for your property investment portfolio.

For further enquires, please call:

Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
nick@kingsfordproperty.com.au

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.