Two Bedroom South Yarra Investment...

Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists.

If youd like to discuss your investment property options please call me on 0438 557 885

Offering a huge rent of $658 per week, this is a spacious top floor two bedroom apartment in the Quest on Chapel complex situated in the heart of trendy South Yarra on Chapel Street.

A welcoming hallway leads past the second bedroom and central bathroom opening out into a roomy lounge / dining area containing a quality kitchen. From here another door leads to the master bedroom with separate access to the bathroom. In addition, a large 21 square meter balcony wraps around the lounge area with long views to the North West back toward Melbournes CBD.

Only 3 kilometres from Melbourne’s CBD and conveniently located within minutes walk to Chapel Street’s retail shops and restaurants it is also within close proximity to South Yarra train station, Southbank and Melbourne’s sports and entertainment venues.

Leased to the Quest Group until March 2020 with further options.

Current rent: $34,320 pa

Rent increase: 4% annual increases between Market Reviews

Return: 6.9 %

Options: 1 x 5 year

Tenant Pays:
Owners corporation fees
General maintenance
Water usage

Owner pays:
Council rates $1,200 pa (Approx)
Sinking fund: $600 pa (Approx)
Management fee: $1,716 pa (Approx)