1310/333 Exhibition Street, Melbourne, VIC, 3000

Home

Melbourne

SoldApr 22, 2020

1310/333 Exhibition Street, Melbourne, VIC, 3000

$335,000

50 m²

Apartment

•

30+ days on the market

Sold: Apr 22, 2020

What's around 1310/333 Exhibition Street

FANTASTIC MANTRA APARTMENT INVESTMENT OPPORTUNITY!

Located in the Mantra on the Park, this delightful one bedroom serviced apartment offers investors a sustainable return and income with 3% annual increases. Currently leased until 2035 on a 5 X 5 X 5 X 5 management lease, the rental income is calculated at $1823 per month as of 30th October including the 3% increase which occurs each October during the entire lease providing investors with a solid 6% net return with very minimal outgoings of approx. $1700 pa (no owners corporation fees payable by owners, these are paid for by Mantra) and this return will only increase further upwards. Rental reviews are conducted every five years and have always increased in past reviews. Apartment 1310 is Situated on the 13th level and featuring a spacious 50 sqm floor plan plus a balcony with a light filled south-west and northerly aspect and good city views, this apartment is fully fitted out with furniture and appliances and consists of an open plan kitchen, living and dining area, good size bedroom, main bathroom off the bedroom which includes a built in laundry with washer and dryer. Facilities include swimming pool and sauna and gymnasium. Mantra on the Park is located just opposite the Exhibition Buildings and is in striking distance to the Melbourne theatre precinct, all the incredible restaurants in Little Bourke Street's China Town, all of Melbournes main sporting venues as well as all the excitement of the CBD and is in constant demand all year round. Unlike some serviced apartment investment properties, there is no busy period with this apartment because this is Melbourne and with 'something' always happening whether it be the Melbourne Cup, the Grand Final, the Australian Open, the Comedy Festival, the Grand Prix or the Cricket, theatre shows, opera or whatever - its continually booked out all through the year which secures your investment even further as an asset for both you and the Mantra! This is truly a perfect opportunity for investors to add to their portfolio and an ideal income stream for self-managed superannuation fund beneficiaries. INSPECT AS ADVERTISED. CONTACT AGENT FOR FURTHER DETAILS.