1 Bed + Carpark + 21 Days Owners Use - 6.7% Return
Apartment 1226 (Lot 1211a) + Car Park
572 St Kilda Rd
Melbourne
$299,000 (Private Sale)
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Superb East facing one bedroom serviced apartment of 47 square meters featuring floor to ceiling windows and balcony of 3 square meters overlooking St Kilda Rd and beyond to Melbournes eastern suburbs.
One secure under cover car park is also part of the purchase.
Offering loads of natural light, the living area opens onto the balcony. Features include kitchen with stainless steel appliances and granite bench top, spotless bathroom and full laundry facilities.
This is a sensational apartment with the most sought after views that cannot be built out.
The property is currently leased to Seasons until 2018 as a Triple A rated 4 star apartment hotel.
N.B. The owner can use their apartment for up to 21 days pa (conditions apply) and can extinguish the apartment lease permanently after 2018.
Rent: $19,987 pa ($1,665 per month)Approx
(With annual CPI increases and Market Review every 5 years)
Return: 6.7%