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

Apartment 812
333 Exhibition St. Melbourne

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

$275,000

This is a large two bedroom apartment of 70 square meters with superb west facing balcony commanding excellent views over Melbournes vibrant CBD.

In addition to the spacious bedrooms, this fully furnished apartment has two fully appointed bathrooms, one with laundry facilities, and a large open plan kitchen lounge dining area. Currently returning $327 per week, this property is leased to the Mantra Group until October 2010 with additional options thereafter.

Facilities such as licenced restaurant heated pool, sauna, and sun deck enhance this quality high yield investment.

Current Rent: $17,040 pa
With annual 3% increases until 2010

Return: 6.2%

Lease: Until October 2010

Options: 3 x 5 year options

Outgoings:

Owner Council and Water rates $1,200 pa (Approx)

Tenant Body Corp fees, Insurance, General maintenance and water usage

For further enquires, please call:

Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
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.