Another apartment SOLD by Nick Walters of Kingsford Property – Melbourne’s serviced apartment specialists.

If youd like to discuss your investment property options please call me on 0438 557 885

Leased to the Adina Group, situated on the Ground level, and with the preferred Easterly aspect, this is a modern one bedroom apartment of approximately 45 square meters, with separate bedroom, sparkling bathroom, laundry facilities and fully equipped open plan kitchen with generous lounge area leading to a six square meter balcony.

This is a prime one bedroom investment apartment within a boutique complex of only 60 apartments. Located in the heart of South Yarra and in the midst of fashionable Toorak Road, its a short walk to the myriad of fashionable restaurants, cafes and retail outlets that the precinct is known for. The Royal Botanic Gardens, Yarra River, and Melbournes sporting precinct are also close by.

Offering an excellent rental of approximately $401 per week, this top quality investment property is priced to sell. The apartment is leased until July 2018 with one further five year option thereafter. This property offers a continuous income stream with substantially reduced outgoings.

Rental Return: 6.1%

Current rent: $20,899 per month ($1,741 per month)
(With a minimum of 3% annual increases between market reviews)

NB: Owners Corporate Fees, Council Rates, Water Rates, Insurance and General Maintenance is paid for by the tenant.