Situated on level three with the preferred Northerly aspect overlooking Lonsdale St is this neat one bedroom investment apartment of approximately 41 square meters.
Comprising of an open plan dining and living area with immediate balcony access, tidy kitchen, bedroom with a large built in robe and full size bathroom featuring a shower over bath.
The property offers a secure entrance and is in a prime Melbourne location at the top end of the CBD with major retail shops, restaurants and cafes close at hand.
Currently leased to Quest Lonsdale until October 2027 with a further ten year option, this is a secure and attractive property investment for the astute investor.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Long term lease and minimal outgoings apply here with owner’s corporate fees, general maintenance, water rates and insurances all paid by your tenant – Quest.
Please Note: The owner can use their apartment for up to 30 days per year. (Conditions apply)
Rental: $18,480 pa ($354 per week)
Increases: Annual CPI increases from the third year of each term
Return: 6.5%
Lease: Until October 2027
Options: 1 x 10 Year Option
Tenant (Quest) pays:
Owners Corporation Fees
Water Rates,
General Maintenance
Insurances
Owner pays:
Council Rates: $918 pa (Approx)
Sinking Fund: $549 pa (Approx)
For further enquires please call:
Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
nick@kingsfordproperty.com.au
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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