SENSATIONAL 60 SQM 1 BED INVESTMENT APARTMENT - $252,000
‘MANTRA ON THE PARK
APARTMENT 1307
333 EXHIBITION STREET, MELBOURNE
$252,000
PLEASE NOTE: NOT FOR OWNER OCCUPATION. SERIOUS INVESTORS READ ON....
ON OFFER HERE IS A HUGE ONE BEDROOM APARTMENT OF 60 SQUARE METERS WITH SENSATIONAL NORTH EASTERLY VIEWS OVER THE EXHIBITION GARDENS AND TOWARD THE DANDENONG RANGES FROM THE 5 SQUARE METER BALCONY.
IN ADDITION TO THE SPACIOUS BEDROOM, THIS FULLY FURNISHED APARTMENT HAS A FULLY APPOINTED BATHROOM WITH LAUNDRY FACILITIES. ALSO, A LARGE OPEN PLAN KITCHEN AND DINING AREA LEADS ON TO THE WELCOMING LOUNGE.
RETURNING A HUGE $300 PER WEEK, THIS PROPERTY IS LEASED TO THE MANTRA GROUP UNTIL 2010 WITH ADDITIONAL OPTIONS THEREAFTER. FACILITIES SUCH AS HEATED POOL, SAUNA, AND SUN DECK ENHANCE THIS QUALITY HIGH YIELD INVESTMENT.
RENT: $15,624 PA
WITH ANNUAL 3% INCREASES UNTIL 2010
RETURN: 6.2%
LEASE: UNTIL OCTOBER 2010
OPTIONS: 3 X 5 YEAR OPTIONS
OUTGOINGS:
OWNER COUNCIL AND WATER RATES: $1,100 PA (APPROX)
TENANT BODY CORP FEES, INSURANCE, GENERAL MAINTENANCE AND WATER USAGE
FOR FURTHER ENQUIRES, PLEASE CALL:
NICK WALTERS OF KINGSFORD PROPERTY
0438 557 885 OR (03) 9682 6222
NICK@KINGSFORDPROPERTY.COM.AU
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.