44/137-141 Mountain Highway, Wantirna VIC 3152

This exceptional investment only property is leased by 'Quest Serviced Apartments' at $8,189 per annum. Quest has signed a lease commencing 1st May 2011 for 5 years with a further 4x5 year options + 4% annual increases.

The tenant (Quest) pays all Outgoings except for $1,200 per annum 'Sinking Fund' payable by the owner. This offers a Gross return of 11.2% or 9.6% approx Nett return.

You can not live in this unit as Quest has a long lease in place.

You are paid $8,189 as the landlord irrespective of Quest vacancy levels.

Conveniently positioned close to transport, shopping centres, schools and offers excellent access to Eastlink.