SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
MANTRA ON THE PARK
Apartment 705
333 Exhibition Street, Melbourne
$378,000
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
This is a very large two bedroom apartment of 86 square meters with spectacular easterly views toward the Exhibition Buildings, Carlton Gardens and toward the Dandenong Ranges from the 5 square meter balcony.
In addition to the spacious bedrooms, this fully furnished apartment has two fully appointed bathrooms, one with laundry facilities. Also, a large open plan kitchen and dining area that leads on to the welcoming lounge and balcony.
This apartment also has a secure under cover car park on title.
Returning a huge $440 per week, this property is leased to the Mantra Group until 2010 with additional options thereafter. Facilities such as heated pool, sauna, and sun deck enhance this quality high yield investment.
Rent: $22,914 pa ($1,909 pcm)
(With annual 3% increase each October until 2010)
Return: 6.1%
Lease: Until October 2010
Options: 3 x 5 year options
Outgoings:
Owner Council and Water rates: $1,700 pa (Approx)
Tenant Owners 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
[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.