817/133 Jolimont Road

East Melbourne VIC 3002

41 m²

Apartment

Currently for sale - view listing

Overview

Blue Chip Investment in a Blue Chip Suburb - Offering an 8.6% Return...

This is a bright and sunny top floor east facing one bedroom apartment measuring 41 sqm which is located within the Mantra on Jolimont serviced apartment hotel. The apartment has a large living and dining area with an adjacent well appointed kitchen, a generous bedroom plus a sparkling bathroom with quality fittings. Reverse cycle air-conditioning and double glazing is also included. The properties facilities include spa, heated pool, well appointed gym and restaurant. N.B. THIS IS AN INVESTMENT PROPERTY ONLY AND NOT FOR OWNER OCCUPATION Currently leased to Mantra until 2029 with a further 2 x 5 year options. Located steps from Melbourne's iconic MCG, sporting precinct, and just a 5 minute walk to the CBD, this property is the perfect entry level investment or addition to your portfolio. Investment Summary Rent: $19,803 pa Return: 8.6% (Gross) Lease: To Mantra: Until August 2029 Options: 2 x 5 year OWNER PAYS: Owners Corp: $2,661 pa Council Rates: $1,149 pa Water Rates: $1,220 pa TENANT (MANTRA) PAYS: Insurance, General Maintenance Inspection is by private appointment. For further details please contact: Nick Walters of Kingsford Property - 0438 557 885 Nick@kingsfordproperty.com.au 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. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.