7.5% RETURN - IDEAL PASSIVE INCOME STREAM....
Tenanted until March 2029, enjoy the benefits of a secure lease with this oversized executive studio serviced apartment of approximately 50sqm.
Situated on Level Eight and with an Easterly aspect the apartment features an open plan kitchen, dining and living area, generous bedroom with BIR and bathroom with separate bath and shower.
The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct – all making this a very desirable investment choice.
Leased to Panache Hotel Group (PHG) on a long term lease, this investment opportunity is worthy of consideration for your property portfolio.
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
IMPORTANT INFORMATION:
RENT: $22,257 pa (Effective April 2024)
($427 per week approx)
INCREASE: Annual 3% between Market Reviews
(Market Review every 2.5 Years)
RETURN: 7.4% Gross
(6.4% Nett)
LEASE: Until March 2029
OPTIONS: Four Further 5-Year Options
TENANT (PHG) PAYS:
Owners Corporation Admin
Insurance
General maintenance
ESTIMATED OWNER’S OUTGOINGS:
Maintenance Fee: $846 pa
Council Rates: $1,172 pa
Water Rates: $1,071 pa
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property – 0438 557 885
[email protected]
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.