106/12-16 Kavanagh Street, Southbank VIC 3006

Superbly located in the heart of Southbank, this stylish and renovated one-bedroom serviced apartment measuring approximately 55 sqm boasts an open plan lounge/dining room leading to an outdoor balcony, fully equipped kitchen with dishwasher, excellent bedroom with built-in robes and a bathroom with built-in laundry facilities. Building features include a well equipped gym with Sauna and CCTV.

The property is on the edge of the CBD, the Royal Botanic Gardens, Victorian Arts Centre, MCG and Rod Laver Arena.

Currently leased to Quest Southbank until 30th September 2027

INVESTMENT SUMMARY

RENT: $23,091 pa ($444 per week approx)
RETURN: 7% Gross

INCREASE: Annual 3% increase

LEASE: Until 30th September 2027
Note: Further lease options potentially available

TENANT (Quest) PAYS:
Owners corporation administration fund
Water rates and usage
Insurances
General maintenance

OWNER PAYS
Owners corporation administration fund
Council rates

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.