SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
MANTRA ON THE PARK
Apartment 912
333 Exhibition St. Melbourne
$296,888
N.B. This apartment is for the astute investor only – not for owner occupation
This is a large newly refurbished two bedroom apartment of 70 square meters with superb west facing balcony commanding excellent views over Melbourne’s vibrant CBD.
In addition to the spacious bedrooms with BIRs, this apartment offers two fully appointed bathrooms, one with laundry facilities, and a large open plan kitchen lounge dining area. Currently returning $357 per week, this property is leased to the Mantra Group until October 2015 with additional options thereafter.
Facilities such as a heated pool, sauna, and sun deck enhance this quality high yield investment.
Current Rent: $18,584 pa
With annual 3% increases until 2015
Return: 6.26%
Lease: Until October 2015
Options: 4 x 5 year options
Outgoings:
Owner: Council and Water rates $995 pa (Approx)
Tenant: Body Corp fees, Insurance, General maintenance and water usage
For further inquires please contact the listing agent.
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.