*** Please note: This is a hotel Investment only, and cannot be owner occupied. There are no provisions in the lease agreement for you to stay in this apartment***
The current lease expires in 2027, with two additional five-year extension options available to the hotel, making a likely lease expiry in 2037
- Currently leased for $23,940 per annum.
- Owners corporation fees: $1022 per quarter, approx.
- Council Rates: $1235 per annum, approx.
- Water Rates: $737.49 per annum, approx.
- Gross Return: 7.6% approx.
- Net Return: 5.67% approx.
(Figures based on a sale price of $315,000)
Available to inspect via private appointment, subject to availability with the hotel bookings.
Please call Sam Fenna on 0437 309 715 to discuss further.
Seize this rare opportunity to own a stylish apartment in the vibrant Flinders Lane, securely leased to Punthill Apartments. This hassle-free investment offers guaranteed rental returns, professional management, and a sought-after CBD location surrounded by world-class dining, shopping, and entertainment.
With high, consistent income and zero vacancies, this is the perfect set-and-forget investment for savvy buyers looking to maximise returns in a premium Melbourne hotspot.
