505/100 Exhibition Street, Melbourne VIC 3000

Another serviced apartment sold by NICK WALTERS of KINGSFORD PROPERTY - Melbourne's service apartment specialists... Call me on 0438 557 885

Situated on Level Five and with a quiet Easterly aspect, this is a one bedroom serviced apartment measuring approximately 50 square meters. This apartment offers a generous bedroom with built in robes, lounge, well equipped kitchen with electric, hotplates, and loads of storage. In addition, a fully appointed bathroom with shower over bath, and laundry facilities.
The property offers security entrance and is in a prime Melbourne location at the “Paris end” of the CBD with quality retail shops, restaurants and cafes also close at hand.
The apartment is currently leased to the Mantra Group until March 2023, with three further five year options available thereafter.

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

RENT: $23,271 pa (As at March 2021)
$447 per week (approx)

INCREASE: 4% annual increase between market reviews

RETURN: 6.5% Gross

LEASE: Until March 2023

OPTIONS: 3 x 5 year

MANTRA PAYS:
Owners Corp Fees
Council Rates
Water Rates

OWNER PAYS:
Maintenance fund: $2,101 pa

INSPECTION IS BY PRIVATE APPOINTMENT.

For further details please contact Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists.
M: 0438 557 885
E: [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