This impressive apartment is situated on Level Nine offering a quiet South/Easterly aspect with views toward Melbourne's Arts Centre and beyond to the MCG. This is a one-bedroom apartment measuring 53 square meters. Recently refurbished, the apartment offers a generous bedroom with built in robes, lounge, fully equipped kitchen with dishwasher, four hotplates, oven, and loads of storage. In addition, a fully appointed bathroom with shower over bath, laundry facilities and secure entry.
The property offers a heated pool, sauna, spa, gymnasium, sun deck, restaurant and bar, good security, and is in a prime location in heart of the Melbourne's Arts precinct, Crown Entertainment complex and the CBD just a short walk over the Yarra River.
The apartment is currently leased to the Mantra Group until January 2027, with a lease termination option for owners by simply providing 90 day's notice to vacate to Mantra. This lease also offers a 14 day Owner's Use clause.
A perfect set and forget investment or primed for your own short stay accommodation.
IMPORTANT INFORMATION:
Annual Gross Rent: $27,092 (FY 24-25)
Return: 8.5% Gross (6.3% Nett)
Approximate Owner Outgoings:
Owners Corp Admin Fees:$3,608 pa
O C Maintenance Fund:$1,212 pa
Council Rates:$1,503 pa
Water Rates:$705 pa
Lease: Until January 2027
Options: NIL
Owners Use : 14 Days per year.
Lease Termination : 90 Days Notice.
Inspection is by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au
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.
