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

Apartment 706
333 Exhibition Street, 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

$395,000 (Private Sale)

N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

Situated on the 7th level and returning a huge $406 per week, this is a recently refurbished 86 square meter two bedroom apartment with fully equipped bathroom with laundry facilities, en suite bathroom from the master bedroom, open plan kitchen and large lounge area. The apartment also offers spectacular easterly views toward the Exhibition Buildings and Carlton Gardens from the 5 square meter balcony. These views cannot be built out.

The property offers a pool, sauna, sun deck, gymnasium, good security and is in a fabulous Melbourne location near the heart of the theatre precinct of Melbourne. There is also parkland within a minutes walk, and quality restaurants and retail shops close by which only enhance this quality high yield investment.

The apartment is presently leased to the Mantra Group until 2015, with a further 2 x 5 year options thereafter.

Rent:$21,137 pa
(With 3% annual increases between Market Reviews)

Return:5.4%

Lease:Until October 2015

Options:2 x 5 year options

Outgoings:

OwnerCouncil and Water rates: $2,400 pa (Approx)

TenantOwners Corp fees, Insurance, General Maintenance, Refurbishment and Water usage

For further enquires, please call:

Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
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.