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

Apt 704
333 Exhibition St Melbourne.

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

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

$229,000

THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

On the preferred East side of the building, this is a seventh floor, one bedroom apartment of 60 square meters with spectacular views over the Exhibition Buildings and Carlton Gardens from the 5 square meter balcony.

Currently leased to the Mantra Group until 2015 with four further options thereafter. This could make the ideal long term investment for the astute investor.

Enjoy an annual 3% increase on your rent between market reviews.

PRESENTLY UNDERGOING COMPLETE REFURBISHMENT AND ALL AT MANTRA’S EXPENSE !! ASK ME HOW….

Facilities such as licenced restaurant heated pool, sauna, and sun deck enhance this quality high yield investment.

Current Rent: $13,993 pa ($1,166.12 pcm)

Return: 6.1%

Lease: Until October 2015

Options: 4 x 5 year options

Outgoings:

Owner Council and Water rates
$1,304 pa (Approx)

Tenant Body Corp fees, Insurance, General maintenance and water usage

For further enquires, please call:

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