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

Apartment 706 (Lot 6)
9 Balmoral Street, South Yarra

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

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

$239,000 (Private Sale)


On offer here is a one bedroom investment apartment with car park on title.

This Quest complex is located in the heart of South Yarra, in the midst of fashionable Chapel Street and Commercial Road, behind the Prahran Market and the myriad of fantastic restaurants and cafes that the precinct is known for.

Securely leased to Quest, the property offers a continuous income stream with substantially reduced outgoings and an impressive $312 pw rental return with the next CPI increase in January 2012.

This apartment offers investors the security of a long term lease with further options and minimal outgoings.

An added bonus is that owners can stay in their apartment up to 60 nights per year (conditions apply)

Current Rent: $16,311 per annum ($1,359 pcm)

(With CPI increase from year three of each
lease term in between Market Reviews)

Return: 6.8%

Lease Term: Until July 2014

Options: 4 x 5 year

Outgoings: Owner pays: Council and Water rates: $547 pa
Sinking Fund: $167 pa (Approx)

Tenant (Quest)pays: Owners Corporate fees, Insurance, Water usage and General Maintenance.

For further enquires, please call the agent.

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.