507/182 Collins St, Melbourne, VIC, 3000 - Apartment Sold on 14 11 2013

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Melbourne

SoldNov 14, 2013

507/182 Collins St, Melbourne, VIC, 3000

Amount undisclosed

Apartment

•

30+ days on the market

Sold: Nov 14, 2013

What's around 507/182 Collins St

PRIME INVESTMENT APT WITH OWNER'S USE CLAUSE...

Apartment 507 182 Collins Street, Melbourne $231,000 N.B. FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION Situated on the fifth floor and on the western side of the block, this is a large 34 square meter studio apartment with open plan kitchen and lounge area. The apartment offers loads of natural light and impressive views West over Melbourne’s CBD. Leased to the Quest Group, this outstanding heritage building is located at the Paris end of Collins Street amongst blue chip corporations and within easy walking distance to Collins Street’s retail shops, restaurants, cafe’s, bars and Melbourne’s theatre precinct. The property has good security, and also has a quality restaurant attached to the building. This apartment offers investors the security of a long term lease with options and minimal outgoings. N.B. Owners can stay up to 30 nights per year in this property(conditions apply) Current Rent: $14,058 pa (Approx) With annual CPI increases between market reviews Lease Term: Until December 2018 Options: 4 x 5 years Return: 6.1% (Nett) Tenant Pays: Owners Corporate Fees, Council Rates, Water Rates, Insurance, Maintenance and Water Usage Owner Pays: NO ANNUAL OUTGOINGS For further enquiries, please call the Agent...Mob: 0438 557 885 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