HUGE 6.3% NETT RETURN / 60 DAYS OWNERS USE / PRIME 1 BED + CARPARK INVESTMENT

Pay no Owners Corp Admin fees and enjoy the benefits of a long term, secure lease with this 42 sqm one bedroom serviced apartment plus 8 sqm balcony and one secure car park.

THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.

Situated on Level Eight and with a preferred Westerly aspect with views toward the CBD the apartment features a fully equipped open plan kitchen, dining and living area, generous bedroom with BIR, bathroom and laundry. 

The property offers a gym, good security, and a fantastic South Yarra location near Toorak Rd / Chapel St precinct, with trains and trams close by – all making this a very desirable investment choice.

Leased to the Punt Hill Group on a long term lease, this investment opportunity is worthy of consideration for your property portfolio.

N.B. This lease offers owners 60 Days “Owner Use” per year (Conditions apply)

RENT: $21,838 pa
($418 per week approx)

INCREASE: Annual CPI increase between market reviews

RETURN: 7.3% Gross / 6.3% Nett

LEASE: Until August 2024

OPTIONS: 3 x 5 years

TENANT (Punthill) PAYS:
Owners Corporation fees
Insurance
General maintenance
Water Usage

OWNER PAYS:
Maintenance fund: $1,285 pa
Council rates: $1,150 pa
Water rates: $560 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.