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Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 20 years experience in the serviced apartment market.
If you would like to discuss your investment property options please call me on 0438 557 885
Situated in the heart of the city, is this large studio apartment of some approximately 40m2 located with a bright sunny northerly aspect on level nine .
NB. THIS IS FOR THE ASTUTE INVESTOR ONLY - CANNOT BE USED FOR OWNER OCCUPATION
Offering high ceilings, functional floor plan offering a smart central living area in addition to an integrated granite kitchen with quality appliances and space for a queen-sized bed and built in robes. Also included is a sparkling bathroom with a shower over bath and ducted reverse cycle air-conditioning.
Positioned in the immmaculate Oaks On Market apartment hotel with an elegant lobby and a fully renovated restaurant and bar. Thewre is also a fully equipped gymnasium, heated lap pool, sauna, spa.
Leased to the Oaks Group until 31st August 2026 with one further 5 Year option
IMPORTANT INFORMATION:
RENT: $14,820 pa (As of 1st Sept 2024)
RENT REVIEW: Annually
RETURN: 7.5% Gross
(6.7% Nett)
LEASE: Until 31st August 2026
OPTIONS: One Further Five Year Option
OWNER PAYS:
T
Owners Corp Maintenance Fund: $1,600 pa
TENANT (Oaks) PAYS
Owners Corporation Administration Fund
Council Rates
Water Rates
Insurance
General Maintenance
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
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. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.