SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 708
100 Exhibition Street, Melbourne
$305,000
Situated on the seventh floor and on the front of the building, this is a modern fully furnished one bedroom apartment in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.
As part of the lease terms, owners DO NOT pay
Owners Corporation Fees
Council Rates
Water Rates
Insurance
General maintenance
Rent: $21,024 pa ($1,752 per month)
(With a 4% increase in March 2010)
Lease: Until September 2010 years
Options: 1 x 7.5 year option then 2 x 5 year options
Return: 6.9% Nett
This high yield long term investment is surely something to consider for your property investment portfolio.
For further enquires, please contact:
Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
[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.