REDUCED ! ! NOW 7:00% RETURN - PRIME 2 BED INVESTMENT

Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists with over 20 years experience in the serviced apartment market.
If youd like to discuss your investment property options please call me on 0438 557 885

Situated on the eighth level and with a prime South Westerly corner aspect on the front of the building, this is a two bedroom serviced apartment measuring approximately 60 square meters. This apartment offers two generous bedrooms with built in robes, lounge, well equipped kitchen with electric hotplates, and loads of storage. In addition, a fully appointed bathroom with shower over bath, and separate laundry cupboard.
The property offers security entrance and is in a prime Melbourne location at the Paris end of the CBD with quality retail shops, restaurants and cafes also close at hand.
The apartment is currently leased to the Mantra Group until March 2023, with three further five year options available thereafter.
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION

IMPORTANT INFORMATION:

CURRENT RENT: $31,843 pa OR $610 per week (Approx)

RENTAL INCREASES: 4% each March between Market Reviews

RETURN: 7:00% Gross

LEASE: Until March 2023

OPTIONS: 3 x 5 year

MANTRA PAYS: Owners Corp Fees, Council Rates, Water Rates

OWNER PAYS: Maintenance fund: $2,719 pa

INSPECTION IS BY PRIVATE APPOINTMENT.

For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.

M: 0438 557 885
E: 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