307/318 Little Bourke Street, Melbourne, VIC, 3000

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Melbourne

SoldSep 19, 2013

307/318 Little Bourke Street, Melbourne, VIC, 3000

Amount undisclosed

Apartment

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27 days on the market

Sold: Sep 19, 2013

What's around 307/318 Little Bourke Street

7% NETT RETURN - $228,000 - MANTRA INVESTMENT APARTMENT

Apartment 307 (Lot 308) 318 Little Bourke Street Melbourne $228,000 (Private Sale) N.B: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION This is a fabulous one bedroom apartment of 34 square meters located in this prominent heritage building in the heart of the CBD, walking distance from the Bourke Street Mall, fantastic shopping, cafes, restaurants and public transport. Leased to the Mantra BreakFree group, and run as a serviced apartment hotel, the property offers investors the security of a long term lease with further options and minimal outgoings. Lease Term: Until July 2017 Options: Four x 5 years Current Rent: $15,944 pa (Approx) (With annual CPI increases between market reviews) Return: 7% Return Outgoings: Tenant (Mantra) pays Owners Corporation Fees, Council Rates, Water Rates and Usage, Insurance and Maintenance Fund Contributions. For further details please contact the agent. 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.