***This is a hotel investment opportunity and not available for owner-occupiers***
High on the 9th floor, this light-filled studio with balcony offers investors a rare blend of reliable income and a premier South Yarra location.
Rent of $20,738 + Annual Rental Increases by CPI.
The lease expires in August 2029, and the tenant has 2 x 5 year options to extend after this (until 2039).
HANDS-OFF INVESTMENT - enjoy hassle-free ownership with Punthill Apartment Hotel Group managing all day-to-day operations, ensuring income without the maintenance burden.
QUALITY ASSET - high rise position with natural light and a spacious balcony, a rarity in serviced apartment assets.
BLUE-CHIP LOCATION - set in the heart of South Yarra with strong year-round hotel demand driven by Chapel Street shopping and dining, and easy access to the MCG and Melbourne's sports precinct.
This property is ideal for investors seeking reliable income, low maintenance, and a long-term tenant with zero turnover - a genuine buy-and-collect return asset.
Outgoings:
Owner Pays:
OC Maintenance Fees: $76.46 per quarter
Rates: $252 per quarter
Water: $212.70 per quarter
Tenant pays OC Administration Fees
Gross yield of 7.8% on $270,000
The Phone Code for this property is: 81810. Please quote this number when phoning or texting.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
