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


Your fabulous two story, two bedroom, two bathroom investment apartment with car park on title awaits…

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 a massive $494 pw rental return.

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 further options and minimal outgoings.

Owners can also stay up to 60 nights per year in their apartment (conditions apply)

Current Rent: $25,704 per annum ($2,142 pcm)

Return: 6.5%

Reviews: With CPI increase due in July

Lease Term: Until Sept 2014

Options: 4 x 5 year

Outgoings: Owner pays – Council and Water Rates: $1,255 pa (Approx)
– Sinking Fund: $270 pa (Approx)

Tenant – “Quest” – pays Owners Corporate fees, Insurance, Water usage and General Maintenance.

For further details please contact 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.