1005/100 Exhibition Street, Melbourne VIC 3000

Situated on Level 10, and on the preferred Northern side of the building is this modern one bedroom serviced apartment of approximately 50 square meters.

The large living/dining area is bathed in natural light, offers excellent CBD views and has an adjoining fully equipped kitchen with high quality fixtures and fittings plus excellent storage space.
The bedroom is generous in size with built in robes and a separate immaculate en-suite bathroom.
The apartment also features a euro-laundry, reverse cycle air conditioning and excellent security.

This is one of the few apartments to have a secure basement car park on title.

Long term lease to the Mantra Group and run as a 4 ½ star rated apartment hotel.

N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

Rent: $29,235 pa ($2,436 per month)
(With 4% annual increases between Market Reviews)

Lease: Until March 2018

Options: 4 x 5 year options

Return: 6.4%

Outgoings

TENANT PAYS: Owners Corporation Fees, Council Rates, Water Rates,
Insurance, General maintenance

OWNER PAYS: Maintenance fund $660 pa approx

This high yield long term investment is surely something to consider for your property investment portfolio.

For further enquiries, please call:

Nick Walters of Kingsford Property - The serviced apartment specialists


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.