7.5% INVESTMENT RETURN WITH LEASE TERMINATION OPTION...
Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists
If you’d like to discuss your investment property options please call me on 0438 557 885
Situated on Level Nine and with a preferred Northerly aspect with views over the historic Supreme Court buildings, the apartment features an open plan kitchen, dining and living area, generous separate bedroom with BIR and bathroom with separate bath and shower.
Tenanted until March 2027, enjoy the benefits of a secure lease with this generous 72 square meter one bedroom serviced apartment.
The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct – all making this a very desirable investment choice.
Leased to the Mantra Group this investment opportunity is worthy of consideration for your property portfolio.
NB: THIS LEASE CAN BE EXTINGUISHED BY EITHER PARTY AT THE END OF EACH 12 MONTH LEASE TERM BY PROVIDING 4 MONTHS NOTICE
IMPORTANT INFORMATION:
RENT: $29,312 pa (Effective April 2023) ($563 per week approx.)
INCREASE: Annual from 2025 alternating CPI & 3%.
RETURN: 7.5% Gross (6.8% Nett)
LEASE: Until March 2024
OPTIONS: Three Further One Year Options
TENANT (MANTRA) PAYS:
Owners Corp Admin Fee
Insurance
General Maintenance
OWNER PAYS:
Council Rates: $1,138 pa
Water Rates: $958 pa
Maintenance Fund: $785 pa
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property – 0438 557 885
[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.