92 SQM INVESTMENT APARTMENT - HUGE 7.3% GROSS RETURN
Tenanted until March 2027, enjoy the benefits of a secure Mantra lease with this oversized executive one bedroom serviced apartment of approximately 92sqm. This apartment offers the largest footprint on the level.
Situated on Level Eight and on the preferred North West corner of building overlooking the historic Supreme Court Building ,the apartment features an expansive open plan kitchen, dining and living area, a generous separate bedroom with BIR and bathroom with spa 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.
This is a rare investment opportunity for the savvy investor.
NB: THIS LEASE CAN BE EXTINGUISHED BY EITHER PARTY BY PROVIDING 4 MONTHS NOTICE
IMPORTANT INFORMATION:
RENT: $37,162 pa (Effective April 2023)
($714 per week approx.)
INCREASE: Annual from 2025
alternating CPI & 3%.
RETURN: 7.3% Gross
(6.6% Nett)
LEASE: Until March 2024
OPTIONS: Three Further One Year
Options
TENANT (Mantra) PAYS:
Owners Corporation Admin
Insurance
General maintenance
OWNER PAYS:
Maintenance Fee: $982 pa
Council Rates: $1,412 pa
Water Rates: $973 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.