5.5% NETT RETURN SOMERSET 1 BEDROOM INVESTMENT APARTMENT

Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists.

If youd like to discuss your investment property options please call me on 0438 557 885

Situated on the ninth level and offering an Easterly aspect, this is a bright one bedroom apartment of approximately 50 square meters with fully equipped bathroom, laundry facilities, large open plan kitchen, dining and lounge area. The building has good security, and facilities include fully equipped gymnasium, plunge pool, spa and outdoor area with BBQ facilities. This building is in a prime location in Melbournes CBD with quality retail shops, restaurants, cafes and bars at your doorstep.

The apartment is presently leased to the Somerset Group until 2023, with further 10 year options thereafter.

NB: THIS IS FOR THE ASTUTE INVESTOR ONLY NOT FOR OWNER OCCUPATION.

This high nett yield long term investment is surely something to consider for your property investment portfolio

RENT: $17,121pa (July 18June 19)
($1,505 per month approx.)

RETURN: 5.5% (NETT)

LEASE: Until 2023

OPTIONS: 5 X 10 year

TENANT (SOMERSET) PAYS:
Owners Corporation fees
Council & Water rates
Insurance
General maintenance
Water usage

OWNER PAYS:
No Annual Outgoings

For further inquiries, please contact:

Nick Walters of Kingsford Property – The Serviced Apartment Specialists
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.