NETT RETURN OF 6.6 % - UP TO 100 DAYS OWNERS USE...!

Another serviced apartment sold by Nick Walters of Kingsford Property.
Are you considering selling or purchasing a serviced apartment ? Please call me for a no obligation chat….0438 557 885.

Situated on Level Seven and with a quiet South/Easterly aspect, this is a one bedroom serviced apartment measuring approximately 53 square meters. Recently refurbished, this apartment offers a generous bedroom with built in robes, lounge, fully equipped kitchen with dishwasher, four hotplates, oven, and loads of storage. In addition, a fully appointed bathroom with shower over bath, laundry facilities and secure entry.
The property offers a heated pool, sauna, spa, gymnasium, sun deck, restaurant and bar, and is in a prime location in heart of the Melbournes Arts precinct, Crown Entertainment complex and the CBD just a short walk over the Yarra River.

The apartment is currently leased to the Mantra Group until January 2022, with four further five year options available thereafter.

NB: Owners can use their apartment up to 100 days per year (Conditions
Apply)

RENT: $24,625 pa
($473 per week approx)

INCREASE: CPI increase every
second year between market reviews

RETURN: 8.5% (Gross)
6.6% (Nett)
LEASE: Until January 2022

OPTIONS: 4 x 5 years

OWNER PAYS:
Owners Corp Fees:$2,778 pa
Maintenance Fund:$1,002 pa
Council Rates:$906 pa
Water Rates:$665 pa

Inspection can be arranged by private appointment.

For further details please contact:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists
0438 557 885
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. Some photos are indicative only.