707/33 City Road, Southbank VIC 3006

This impressive apartment is situated on level seven offering a quiet South/Easterly position. This two -bedroom property measures 75 square meters internally with views facing Melbourne's Arts Centre spire and beyond.

The two spacious bedrooms offer built in robes with main bedroom also providing a Juliette balcony. Add to this, a fully equipped open plan kitchen, dining and lounge area; and a fully appointed bathroom with laundry facilities. To top it off, one secure under cover car park is on title.

The property offers a heated pool, sauna, spa, gymnasium, sun deck, restaurant and bar, good security, and is in a prime location in heart of the Melbourne's Arts precinct, Crown Entertainment complex and the CBD just a short walk over the Yarra River.

The apartment is currently leased to the Mantra Group until January 2027, with a lease termination option for owners by simply providing 90 day's notice to vacate to Mantra. This lease also offers a 14 day Owner's Use clause.

A perfect set and forget investment or primed for your own short stay accommodation.

IMPORTANT INFORMATION:

Annual Rent: $39,177 (FY 2024-2025)

Return: 8.76% Gross

Lease: Until January 2027

Options: Nil

Internal Size: 75 sqm

Owners Use : 14 Days per year.
Lease Termination : 90 Days Notice.

Approximate Outgoings:

Owners Corp Admin Fees:$6,314 pa

O C Maintenance Fund:$2,121 pa

Council Rates:$1,686 pa

Water Rates:$710 pa

Inspection is by private appointment.
For further details please contact:

Nick Walters of Kingsford Property - 0438 557 885
[email protected]

Disclaimer: 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.