Outstanding investment apartment opportunity...
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
Recently refurbished, ninth floor, one bedroom apartment of 60 square meters with spectacular Easterly views over the Exhibition Buildings and Carlton Gardens.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Returning a huge $381 per week, this property is leased to the Mantra Group until 2020 with an additional five year option thereafter. Facilities such as heated pool, sauna, and sun deck enhance this quality high yield investment.
Current Rent: $19,842 pa($1,653 pcm)
Increase: Annual 3% increases between market reviews
Return: 5.5%
Lease: Until October 2020
Options: 3 x 5 year options
Outgoings:
Owner:
Council and water rates $2,000 pa (Approx)
Tenant:
Owners corporation fees
Refurbishment
Insurance
General maintenance
Water Usage
For further enquiries, please call:
Nick Walters of Kingsford Property – The Serviced Apartment Specialists
0438 557 885 or (03) 9682 6222
[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.