Grundrisse
Tenanted until March 2029 with a further four 5-year options thereafter, enjoy the benefits of a secure lease with this oversized executive serviced apartment measuring approximately 55sqm.
Located on the third floor with an quiet Westerly orientation, this apartment offers an open-plan kitchen, dining, and living space, along with a spacious bedroom featuring built-in robes and a bathroom equipped with a separate bath and shower.
This property boasts amenities such as a top-floor gym and sauna, excellent security measures, a quality restaurant and bar conveniently located adjacent to the lobby, and an enviable Melbourne location close to the legal precinct, making it an appealing investment option.
Currently leased to PHG on a long-term agreement, this investment opportunity merits serious consideration for your property portfolio.
NB.THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
IMPORTANT INFORMATION:
RENT: $26,141 pa
($502 per week approx)
INCREASE: Annual 3% each March between Market Reviews.
(Market Reviews every 2.5 years)
RETURN: 7.5% Gross
(6.3 % Nett)
LEASE: Until March 2029
OPTIONS: Four Further 5-Year Options
TENANT (PHG) PAYS:
Owners Corporation Admin
Insurance
General maintenance
ESTIMATED OWNER OUTGOINGS:
O C Maintenance Fee: $2,080 pa
Council Rates: $1,235 pa
Water Rates: $1,110 pa
Inspection is 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. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.