407/318 Little Bourke Street, Melbourne VIC 3000

This is a fabulous one bedroom apartment of approximately 34 square meters, located on the fourth floor in this prominent heritage building in the heart of the CBD. With westerly views over Elizabeth St the apartment is just a short stroll to the Bourke Street Mall, fantastic shopping, restaurants, cafes bars and public transport.

Securely leased to the Mantra group, and run as a serviced apartment hotel, the property offers investors the benifit of a long term lease with further options and NO annual outgoings.

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

Lease Term: Until July 2017

Options: Two x 5 years

Rent: $15,106 pa (Approx)

Rent increase: Annual CPI increases between market reviews

Return: 6% Net

Outgoings:
Tenant (Mantra) pays
Owners corporation fees
Council rates
Water rates
Water usage
Insurance
Maintenance fund contributions


For further details please contact:

Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
[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.