1226/572 St Kilda Road, Melbourne, VIC, 3000 - Apartment Sold on 10 10 2014

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1226/572 St Kilda Road, Melbourne, VIC, 3000

Amount undisclosed

Apartment

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Sold: Oct 10, 2014

What's around 1226/572 St Kilda Road

1 Bed + Carpark + 21 Days Owners Use - 6.7% Return

Apartment 1226 (Lot 1211a) + Car Park
572 St Kilda Rd
Melbourne

$299,000 (Private Sale)

N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

Superb East facing one bedroom serviced apartment of 47 square meters featuring floor to ceiling windows and balcony of 3 square meters overlooking St Kilda Rd and beyond to Melbournes eastern suburbs.

One secure under cover car park is also part of the purchase.

Offering loads of natural light, the living area opens onto the balcony. Features include kitchen with stainless steel appliances and granite bench top, spotless bathroom and full laundry facilities.

This is a sensational apartment with the most sought after views that cannot be built out.

The property is currently leased to Seasons until 2018 as a Triple A rated 4 ½ star apartment hotel.

N.B. The owner can use their apartment for up to 21 days pa (conditions apply) and can extinguish the apartment lease permanently after 2018.

Rent: $19,987 pa ($1,665 per month)Approx
(With annual CPI increases and Market Review every 5 years)

Return: 6.7%

Lease: Until May 2018

Options: 3 x 5 year options

Outgoings:
Owner: Council Rates: $835 pa (Approx)
Water Rates: $852 pa (Approx)

Tenant: Owners Corporation Fees, Insurance, General Maintenance and Water Usage

For further enquiries, please call us - the serviced apartment specialists.

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.