Sold
101/100 Exhibition Street, Melbourne VIC 3000
$340,000
Apartment description
“Outstanding Investment Opportunity with The Mantra Hotel”
Located in the high end of Melbourne and amongst the Paris like lane ways and streets is the sort after Mantra on Exhibition building. Seldom to properties come up in this building and when they do they often sell quickly. With a Robust return of $25,040 pa and a 4% yearly increase this will net you a 7.15% return.
A spacious and contemporary apartment this property has been kept in immaculate condition with a fully separate bedroom adjoining a sizeable bathroom. With built in robes located in the bedroom along with a fully featured kitchen the apartment provides a private and quiet abode for the traveller.
With no council rates and no water rates to pay this is also a care free , set and forget property investment. With a long term lease to the Mantra Hotel that offers stability and no management fees this truly is the best type of investment in town.
Other advantages of owning at the Mantra on Exhibition are no late payments of rent, no loss of rent due to being vacant. Your property is tenanted and you get a return 52 weeks of the year. You are not responsible for any damage and your property will be looked after by one of Australia's leading hotel chains. This property is perfect for self managed super funds or for smart investors looking for a steady income stream.
Located in the Melbourne CBD, close the MCG, Flinders St Station, Theatres and some of Melbourne?s best restaurants.
Please note this is for investors only. Inspection by appointment only ? Monday to Friday
Property features
Air Conditioning
Toilets: 1
Other features
Built-In Wardrobes, Close to Schools, Close to Shops, Close to TransportDocuments
What’s around Exhibition Street
Contact the real estate agent
Nick Richards
Precinct Estate Agents
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