TWO BEDROOM INVESTMENT - 6.75% RETURN

On offer here for the investor is a large two bedroom apartment of 62 square meters situated on Level Nine and with a Southerly aspect looking over the Yarra River towards Southbank.

This apartment offers high ceilings, functional floor plan offering a smart central living and dining area in addition to an integrated granite kitchen with quality appliances. Also include are two large separate bedrooms with built in robes. A sparkling bathroom with a shower over a bath and reverse cycle air-conditioning completes the picture

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

This well maintained building provides intercom entry to a newly refurbished foyer, reception area and restaurant/bar. It also has lift access, a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms. Situated in the heart of the city, the Oaks On Market is a fabulous apartment hotel comprising superbly appointed, self contained apartments.

Leased to the Oaks Group until September 2021

Current rent: $28,294 pa ($544 per week)

Return: 6.75 %

Options: 3 x 5 year options

Rental Increases: CPI increases in years 3, 4 and 5 of each five year lease term

Tenant Pays: Body corporate fees, Council and Water rates, Insurance, General Maintenance and Water usage

Owner Pays: Sinking Fund $413 Per Quarter (Approx)

For further enquires, please call:

Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists

(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.