201/12-16 Kavanagh Street, Southbank VIC 3006

Superbly located in the heart of Southbank, this apartment is within an easy walk to Southgate as well as the Crown Casino and entertainment complex, restaurants, bars and retail shopping precincts.

This stylish 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, split system air conditioner, built-in robes and a bathroom with built-in laundry facilities. Also on offer is video security and well equipped gym and sauna.

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

Currently lease to Quest Southbank until 30th September 2027 with further options thereafter.

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

IMPORTANT INFORMATION:

RENT: $17,967 pa ($344 per week approx)

INCREASE: Annual 3% from 2024 (between Market Reviews)

RETURN: 7.3% Gross (6.4% Net)

LEASE: Until 30th September 2027

OPTIONS: 3 X Five year options

TENANT (Quest) PAYS:
Owners corporation administration fee
Water rates and usage
Building Insurance
General maintenance

OWNER PAYS:
Council rates: $1,015 pa
Maintenance/sinking fund fee: $1,113 pa

Inspection can be arranged by private appointment.

For further details please contact:
Martin Russell of Kingsford Property - 0417 005302
[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.