SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Price on Application.
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
On offer here is a fully furnished 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, the property offers a continuous income stream with substantially reduced outgoings and an impressive $301 pw rental return with CPI increase
The apartment is leased to Quest and run as a serviced apartment hotel.
This apartment offers investors the security of a long term lease with a further option and minimal outgoings.
Owners can also stay up to 60 nights per year in their apartment (conditions apply)
Current Rent: $15,656 per annum ($1,304 pcm)
Reviews: CPI increase from year three of each lease term.
Lease Term: Until July2014
Options: 4 x 5 year
Outgoings: Owner pays: Council Rates, Water Rates and Sinking Fund
Tenant – “Quest” – pays: Owners Corporate Fees, Insurance, Water usage and General Maintenance.
For further details please 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.