905/100 Exhibition Street, Melbourne, VIC, 3000

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Melbourne

For Sale

905/100 Exhibition Street, Melbourne, VIC, 3000

$285,000

50 m²

Apartment

•

30+ days on the market

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Inspection times

Inspections are by appointment only.

What's around 905/100 Exhibition Street

IMPRESSIVE 9.1% RETURN - IDEAL PASSIVE INCOME STREAM

Situated on the 9th level with a sundrenched northerly aspect is this is 50 m2 one bedroom serviced apartment. Features an open plan kitchen, generous living/dining room plus a fully equipped bathroom and Euro laundry. The property is positioned in a prime location near the "Paris end" of Collins St and the theatre precinct of Melbourne. The apartment is leased to Panache Hotel Group (PHG) with the lease running until February 2029, with nine further 3-year options thereafter. NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION. IMPORTANT INFORMATION: RENT: $25,932 pa ($498 per week approx) RENTAL INCREASE: Annual 3% between Market Reviews. (Market Reviews every 3 years) RETURN: 9.1% Gross (6.6 % Nett) LEASE: Until March 2029 OPTIONS: Nine Further 3-Year Options ESTIMATED OWNER'S OUTGOINGS: O C Admin and Maintenance Fee: $4,609 pa Council Rates: $1,511 pa Water Rates: $1,131 pa Inspection is by private appointment. Disclaimer: 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. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.