7.9% RETURN - PRIME ENTRY LEVEL INVESTMENT OPPORTUNITY...
This impressive Studio apartment features a North West corner aspect, an open plan layout, an abundance of natural light with floor to ceiling windows, heating/air-conditioning and a private balcony facing North.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
Onsite facilities include gymnasium, laundry facilities, concierge services and security. Transport is at your doorstep, with Melbourne CBD, Royal Botanic Gardens, St Kilda, South Yarra and Prahran just minutes away.
This serviced apartment is leased until May 2027, with further 5-year options available thereafter to the hotel operator.
MPORTANT INFORMATION:
RENT: $11,872 pa
INCREASES: Annual CPI capped at 2% (between Market Reviews every 5 years)
RETURN: 7.9% Gross
5.4% Nett
LEASE: Until May 2027
OPTIONS: Four Further 5 Year Options
TENANT (THE KINSON) PAYS:
50% of Owners Corp Admin Fee: $1,900 pa
Insurance
General Maintenance
OWNER PAYS:
50% of Owners Corp Admin Fee: $1,900 pa
Maintenance/Sinking Fund: $525 pa Council Rates: $680 pa
Water Rates: $690 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. This information has been provided by third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.