SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
APARTMENT 710
572 ST KILDA ROAD, MELBOURNE
$252,000
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Superb North/East facing one bedroom serviced apartment of 38 square meters featuring floor to ceiling windows and balcony of 2 square meters overlooking St Kilda Rd and beyond to Melbournes eastern suburbs.
Offering loads of natural light, the living area opens onto the balcony. Features include kitchen with stainless steel appliances and granite bench top, spotless bathroom and full laundry facilities.
This is a sensational apartment with the most sought after views that cannot be built out.
The property is currently leased to Seasons until 2013 as a Triple A rated 4 star apartment hotel.
N.B. The owner can use their apartment for up to 21 days per year (conditions apply) and occupy their apartment permanently after the second lease term 2018
Rent: $18,318 pa ($1,526 per month)
(With annual CPI increases and Market Review every 5 years)
Return: 7.25%
Lease: Until 2013
Options: 3 x 5 year options
Outgoings:
Owner: Council Rates : $ 612 pa (Approx)
Water Rates: $ 80 pa (Approx)
Tenant: Owners Corporation Fees, Insurance, General Maintenance and Water Usage
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.