Apartment 303
100 Exhibition Street, Melbourne
$388,000 (Private Sale)
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Situated on the third level, and on the Eastern side of the building, this is a modern one bedroom serviced apartment of approximately 50 square meters.
A welcoming entrance hall leads past a fully equipped bathroom to a large open plan lounge and dining area with kitchen. From here, look back on to the large bedroom with built in robes. Laundry facilities, air-conditioning and a security entrance complete the picture.
This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 ½ star rated serviced apartment hotel.
As part of the lease terms, owners DO NOT pay…
Owners Corporation Fees
Council Rates
Water Rates
Insurance
General maintenance
Rent: $24,080 pa ($2,006 per month) Effective March 2015
(With 4% annual increases between Market Reviews)
Lease: Until March 2018
Options: 4 x 5 year options
Return: 6.2%
This high yield long term investment is surely something to consider for your property investment portfolio.
For further enquires, please call:
Nick Walters of Kingsford Property - 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.
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