Just Refurbished - Long Term Investment...

ANOTHER APARTMENT SOLD BY NICK WALTERS OF KINGSFORD PROPERTY – THE SERVICED APARTMENT SPECIALISTS.

Please call me to discuss your property needs – 0438 557 885

Should you be considering selling your apartment or would simply like a no obligation FREE appraisal of your property, please contact me on 0438 557 885 or nick@kingsfordproperty.com.au

This studio investment apartment is currently leased to the Oaks Group until 2021 with regular rental increases in place.

Located on the ninth floor of the striking Oaks on Market tower, the studio fuses 4.5 star Melbourne serviced apartment living with convenience and impeccable style.

Featuring a functional floor plan, high ceilings, south-easterly aspect, smart central living area, integrated granite kitchen with quality appliances, space for a queen sized bed, built in robes, sparkling bathroom with shower over a bath and ducted reverse cycle air conditioning.

This well maintained building provides intercom entry to an elegant lobby with a reception area and restaurant/bar. It also has lift access, a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms.

NB: This property is not for owner occupation and is only for the astute investor.

Lease summary

Term: to September 2021

Options: 4 x 5 year options

Return: 6.75 %

Rent: $18,264 pa ($351 per week)

Rental reviews: CPI increases in years 3, 4 & 5 of the lease

Annual outgoings:

Owner:
Sinking fund $225 per quarter (Approx)

Tenant (Oaks Group):
Owners corporation fees
Council rates
Water rates
Insurance
General maintenance
Water usage

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

M: 0438 557 885
P: (03) 9682 6222
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.