22/43-51 Lonsdale Street, Melbourne, VIC 3000

*** THIS IS FOR THE ASTUTE INVESTOR ONLY ? CANNOT BE USED FOR OWNER OCCUPATION ***

*Unbeatable value!

*Set and forget investment

*Perfect for the SMSF!

*Neat renovated one bedroom apartment.

*Re-painted & re-carpeted

*New reverse cycle air-conditioning

*New lighting

*Large refurbished bedroom

Leased to the Comfort Hotels until 7th October 2027 with two further 10 year options.

INVESTMENT SUMMARY:

RENT: $16,704.72 per annum

$321 per week

RENT REVIEW: Annually from year 3 of each term

RETURN: 9% Gross

LEASE: Until 7th October 2027

OPTIONS: Two further ten year options

TENANT (Comfort Hotels) PAYS:

-Owners Corporation administration fund

-Water usage

-Insurance

-General maintenance

OWNER PAYS:

-Owners Corporation maintenance fund

-Council rates

-Water rates

Inspection by private appointment.

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. Clients are required to make their own investigations, carefully check the formal legal documentation & seek independent professional legal advice.