This HUGE bright north facing 2 bedroom apartment comes with a 06/05/2017 lease with a 3 year option to the end of 2017 remaining with Defence Housing Authority lease. Uninterrupted views of the City, Albert Park Lake & world renowned St Kilda environs guarentee ongoing capital growth . Superbly located within the refurbished 'Majestic' hotel, this grand apartment has 2 massive bedrooms with built in robes, a big bathroom including laundry and a large vast open plan kitchen/living/dining room leading onto a spacious enclosed verandah. Walk to St Kilda Beach, cafes & restaurants & across the road to Albert Park Lake. Note: Pressed metal 12' ceilings (approx), secure underground car parking, pool & gym, on-site manager & public transport at the doorstep.
This is a great opportunity to buy a secure investment unit in a blue chip area. Some of the lease benefits include:-
Guaranteed rent paid monthly, @ $490.00 per week.
Annual Rent Review determined by an independent valuer.
Management fee: 13% (Incl. GST). Management and maintenance fee covers property management and day-to-day maintenance (including repair or replacement of fixed appliances should they fail).
Use of Property: The property is to be used by DHA to accommodate members of the Australian Defence Force.
At Lease end: DHA will:
a. Repaint internally.
b. Ensure all appliances are clean and in good working order.
c. Ensure all floor and window-fittings are clean.
d. Ensure grounds and landscaping are in a neat and tidy condition.
e. Recarpet and replace vinyls, and re-polish timber floors, as required by the lease.
Outgoings:
Body Corporate Admin Fund $895.00 per quarter
Maintenance Fund: $298.00 per quarter
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