QUALITY INVESTMENT WITH SOLID RETURNS - PLUS BONUS
BONUS- Up to 21 nights of hospitality per year
A fantastic addition to any savvy investor's portfolio. Securely leased and part of the renowned Seasons Hotel Group this investment opportunity is the perfect cash cow. This studio apartment currently returning $11,508.84 per year ($959.07 per calendar month) until March 2018, with options of two (2) further terms of five (5) years each. In addition there are yearly rental increases based on CPI which will be expected on 1st April to show the new rental figure of $11,681.47 per annum.
The apartment features quality fittings and fixtures, sparkling modern bathroom, cooling/heating and views to Albert Park Lake. With transport at the door providing exceptional city access, and stroll to lively St Kilda Beach, Wesley College, Albert Park Lake/Golf Course and the tempting Fitzroy Street cafes and restaurants. Amenities include 24 hour concierge services, a gymnasium and a restaurant/bar on ground level.
Please note: This property is a serviced apartment. It can't be owner occupied and is only suitable for investors.