PRICED TO SELL - PLUS HUGE 7.25% RETURN...
Situated in the heart of the city, the Oaks On Market is a fabulous apartment hotel comprising superbly appointed, self-contained investment apartments.
NB. THIS IS FOR THE ASTUTE INVESTOR ONLY – CANNOT BE USED FOR OWNER OCCUPATION
On offer here for the astute investor is a large studio apartment of 40 square meters situated on Level Nine and on the Northern side of the block. This apartment offers high ceilings, functional floor plan offering a smart central living area in addition to an integrated granite kitchen with quality appliances and space for a queen-sized bed and built in robes. Also included is a sparkling bathroom with a shower over bath and ducted reverse cycle air-conditioning.
This well-maintained building provides intercom entry to an elegant lobby with a reception area and restaurant/bar. It also has lift access, a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms.
Leased to the Oaks Group until 31st August 2026 with one further 5 Year option
IMPORTANT INFORMATION:
RENT: $14,300 pa
RENT REVIEW: Annually
RETURN: 7.25% Gross
(6.6% Nett)
LEASE: Until 31st August 2026
OPTIONS: One Further Five Year Option
OWNER PAYS:
T
Owners Corp Maintenance Fund: $1,298 pa
TENANT (Oaks) PAYS
Owners Corporation Administration Fund
Council Rates
Water Rates
Insurance
General Maintenance
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.