20/153-155 Wellington Parade, East Melbourne VIC 3002

Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialist with over 20 years experience in the serviced apartment market.

If you would like to discuss your investment property options please call me on 0438 557 885.

Leased to the Quest Group, situated on Level four, and with the preferred Northerly aspect on the front of the building, this is a one bedroom apartment of approximately 35 square meters. Well presented and maintained offering quality glazing, excellent natural light, stone bench top, European stainless-steel appliances and large bedroom (birs) plus bathroom and open plan kitchen and lounge area.

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

Currently returning an impressive $397 per week, this is a high yield investment with annual rent reviews, minimal outgoings – all making this a very attractive investment.

Set in leafy East Melbourne, Quest Jolimont offers just minutes walk to explore the finest in retail shopping and dining at the Paris End of Melbourne's CBD. For sports and entertainment enthusiasts, you'll find the iconic MCG and numerous other stadiums and arenas also just a short walk away.

Leased to the Quest Group on a long term lease, this investment opportunity is worthy of consideration for your property portfolio.

IMPORTANT INFORMATION:

RENT: $20,700 pa
($397 per week approx)

INCREASE: Annual 3% each year between Market Reviews.

RETURN: 7.5% Gross
(6.5% Nett)

LEASE: Until 2029

OPTIONS: Five Further 5-Year Options

TENANT (QUEST) PAYS:
Owners Corporation Admin
Insurance
General maintenance

ESTIMATED OWNER OUTGOINGS:
O C Maintenance Fee: $870 pa
Council Rates: $1,151 pa
Water Rates: $720 pa

Inspection is by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
[email protected]

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.