101/2-9 Finlay Place, Carlton VIC 3053

A fantastic opportunity exists with this newly refurbished two bedroom serviced apartment located on the first floor and featuring a large 16 sqm entertainers terrace.

The apartment boasts a generous living and dining room which benefit from excellent natural light opening to the fully equipped kitchen. The sparkling bathroom has been well designed and also comprises laundry facilities. Further features also include split system heating and cooling, built in wardrobes and secure 24-hour reception.

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

One of only 52 in this boutique block, the property is located on the edge of the CBD off Lygon Street, Carlton. Offering easy access to one of Melbourne's most famous tourist precincts enjoying fine restaurants and cafes while the city, museum and Melbourne University are only minutes away by foot or tram.

Currently leased to the Quest Group until November 2020 and offering a rental of approximately $456 per week, the complex is run as a 4 star rated apartment hotel and offers a continuous income stream with substantially reduced outgoings.

Please Note: The owner can use their apartment for up to 60 days per year (Conditions apply).

Current rent: $23,713 pa
Annual 4% rental increase and market review

Return: 6.4%

Options: 1 X 5 Years

Outgoings
Tenant Pays:
Owners Corporation administration fees
Insurance
General maintenance

Owner Pays:
Council rates: $1,265.73 pa (Approx)
Water rates: $899.04 [a (Approx)
Owners corporation fund: $1,019 pa (Approx)

ADVERTISING PHOTOS: Internal shots are accurate - view from the apartment is not representative.

For further information please call:

Nick Walters of Kingsford Property Melbournes Serviced Apartment Specialists

Mob: 0438 557 885 OR Ph: (03) 9682 6222
Email: [email protected]


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.