20/9 Balmoral Street, South Yarra VIC 3141

Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 27 years' experience in the serviced apartment market.

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

Positioned with South/Easterly aspect, the apartment's lower level features an open plan living area consisting of lounge room leading to Juliette balcony, dining and kitchen area with separate laundry and storage cupboard; while the second level offers two bedrooms with BIR's and two bathrooms - one as en suite to the main bedroom. Split system heating and cooling, good security and the advantage of one secure carpark is also on title.

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

Your investment apartment has Quest as a secure long-term tenant offering a continuous income stream with substantially reduced outgoings and currently an impressive $682 pw rental return.

Owners also have the option to stay up to 60 nights per year in their apartment (conditions apply - please refer to Clause 9 of the lease)

Located in the heart of South Yarra, in the midst of fashionable Chapel Street and Commercial Road, behind the Prahran Market and the myriad of fantastic restaurants and cafes that the precinct has to offer, this Blue Chip investment opportunity is surely worthy of consideration for your property portfolio.

IMPORTANT INFORMATION:

RENT: $35,500 pa ($682 / week approx.)

INCREASE:
July 2026 + 3%
July 2027 + 3%
July 2028 + 3%
July 2029- Market Review.

RETURN: 7.1% Gross
6.7% Nett

LEASE: Until July 2029

OPTIONS: Five further 5 year options

OUTGOINGS:

Tenant (Quest) Pays:
Owner's Corp Admin Fund
Building Insurance

Owner Pays:
Council Rates $1,339 pa
Water Rates $685 pa
Owner's Corp Maintenance Fund: NIL

Inspection can be arranged by private appointment.

For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
[email protected]

Disclaimer: PLEASE NOTE SOME IMAGES MAY BE GENERIC AND NOT OF THE EXACT LOT. 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.