5 STAR studio apartment with huge 6.75% return!
Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists with over 20 years experience in the serviced apartment market.
If youd like to discuss your investment property options please call me on 0438 557 885
This 9th floor East facing studio apartment is of the highest quality and is a large 34m2, with separate bathroom, open plan kitchen and lounge area. The property also has a 7m2 East facing balcony.
Positioned in a prime CBD location in the heart of the China Town and theatre precinct. and also offers a gym, pool, spa, sauna, sun deck and quality restaurant and bar attached.
Securely leased to the Mantra Group until November 2016 with further options thereafter.
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Rent: $17,649 – $339 per week (approx.)
Return: 6.75%
Reviews: Annual 3% increases between 5 yearly market reviews
Term: Leased to the Mantra Group until November, 2016.
Options: 4 x 5 year options thereafter.
Outgoings:
Tenant: Owners Corporation fees
Insurance
General maintenance
Refurbishment
Water usage
Owner: Council and Water Rates
$1,700 pa (approx.)
For further enquiries please call:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists.
0438 557 885 or 03 9682 6222
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.