502/100 Exhibition St, Melbourne, VIC, 3000 - Apartment Sold on 28 08 2019

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Melbourne

SoldAug 28, 2019

502/100 Exhibition St, Melbourne, VIC, 3000

$548,000

Apartment

•

30+ days on the market

Sold: Aug 28, 2019

What's around 502/100 Exhibition St

6.3% RETURN MANTRA TWO BEDROOM INVESTMENT APARTMENT

Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists. If youd like to discuss your investment property options please call me on 0438 557 885 Situated on the fifth level and with the preferred Westerly aspect overlooking Exhibition Street, this is a modern two bedroom apartment of approximately 60 square meters. A large open plan lounge and dining area welcomes the owner from the entrance hall. In addition to the two good sized bedrooms with built in robes, is a fully equipped bathroom, laundry facilities, kitchen, air-conditioning and a security entrance completes the picture. The property is in a prime Melbourne location at the Paris end of the CBD with high end retail shopping close at hand. As part of the Mantra lease terms, owners DO NOT pay Owners Corporation Fees, Council Rates,Water Rates, Insurance or General Maintenance. 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. NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION RENT: $35,360 pa ($2,946 per month - approx) INCREASE: Annual 4% increase between market reviews RETURN: 6.3% (Gross) LEASE: Until March 2023 OPTIONS: 3 x 5 years TENANT (Mantra) PAYS: Owners Corporation fees Council & Water rates Insurance General maintenance Water usage OWNER PAYS: Maintenance fund: $2,260 pa (Approx.) For further information please contact: Nick Walters of Kingsford Property - The Serviced Apartment Specialists 0438 557 885 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.