7.9 % RETURN + 30 DAYS OWNER'S USE PER YEAR...INVESTMENT BY THE BAY
Situated on Level Two, this is a stylish and neat Studio apartment measuring 36 sqm internally plus a 6 sqm balcony offering a Westerly aspect. The apartment building is positioned at the Bay end of vibrant Ferguson Street and is within minutes to beaches, boutique shops, waterfront eateries, yacht clubs, park lands and public transport.
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Features include: open plan bedroom / living / kitchen and dining area, stainless steel appliances, built in robes, and sleek bathroom.
One of just forty-two apartments, this boutique property has a secure long-term lease and offers the option for the owner to stay in their apartment for up to 30 days per year (conditions apply).
Presently leased to the Punt Hill Group until August 2027 with further options available and returning an impressive $377 per week, consideration must be given to this addition to your property portfolio.
IMPORTANT INFORMATION:
RENT: $19,644 pa ($377 per week approx)
INCREASE: Annual CPI increases between market reviews
RETURN – 7.9% (Gross)
(6.8% Nett)
LEASE – Until 20th August 2027
OPTIONS – 2 x 5 years
TENANT (Punthill) PAYS:
Owners Corporation Administration Fees
Insurance
General Maintenance
Water Usage
OWNER PAYS:
Council Rates: 1,060 pa
Water Rates: $595 pa
Owners Corporation Sinking Fund: $1,090 pa
Inspection is by private appointment.
For further details please contact:
Nick Walters of Kingsford Property – 0438 557 885
[email protected]
Disclaimer: 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.