CASH FLOW POSITIVE!
This recently renovated oversized studio apartment, sits in a quiet pocket of this historic early 1900's building.
Extra high ceilings, Period windows, and triple brick construction- Luxuries that simply can't be replaced.
Features: Kitchenette with integrated fridge and stove top, built in study desk, built in robes, open plan bedroom area with additional space for a sofa/dining table and a sparkling bathroom.
Securely leased to Metro Hotel Group until 18th April 2019 with 1x5 year option.
A fixed monthly rental of $992 per calendar month paid directly into your bank account, increasing every April by CPI (generally around 2%) and market reviews every 5 years.
Minimal Owner Outgoings
Council rates- Approx $600pa
Painting Levy- Aprox $100pa
Body corp fees plus all water rates and general maintenance costs are paid by the Tenant under the lease terms.
Net return= circa 6.7%
Excellent opportunity to acquire a hassle free and secure investment in Melbourne's historic Bank Place which will provide spare income or the chance to pay off the mortgage very quickly.
Call Bryce Carroll for further information or to Inspect- 0413 377 982
Bryce Carroll : 0413 377 982
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