IMPRESSIVE 7.4% RETURN - ONE BEDROOM MANTRA APARTMENT
This over sized executive serviced apartment measures approximately 50sqm internally.
Situated on Level six and with an Easterly aspect, the apartment features an open plan kitchen, dining and living area, huge bedroom large enough for two queen sized beds and bathroom with separate bath and shower.
The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct all making this a very desirable investment choice.
Leased to the Mantra Group on a rolling one year lease, this investment opportunity is worthy of consideration for your property portfolio.
NB The new lease offers the following…
– Owners can also enjoy three nights accommodation per year (Conditions apply)
– Owners can terminate the lease at the end of each lease term (Conditions Apply)
IMPORTANT INFORMATION:
RENT: $21,038 pa ($404 per week approx.) From April 2023
INCREASE: Annual increase from 2025 (Alternating 3% & CPI)
RETURN: 7.4% Gross
(6.5% Nett)
LEASE: March 2024
OPTIONS: 3 x 1 years
OUTGOINGS:
TENANT (Mantra) PAYS:
Owners corporation Admin fees
OWNER PAYS:
Council Rates: $1,033pa
Water Rates: $958 pa
Maintenance Fund: $589 pa
For further details please contact Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists.
M: 0438 557 885
P: (03) 9682 6222
E: [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