604/471 Little Bourke Street, Melbourne, VIC 3000
Melbourne 1Moenga NEED ANOTHER INCOME STREAM..?? 8.5% RETURN
$282,000Situated on Level six and with the preferred North/Easterly side of the building, this is a modern one bedroom apartment of approximately 50 square meters with open plan kitchen, dining and lounge area. In addition to this, there is a large bedroom area, study area and mirrored robes. A sparkling bathroom completes the picture.
The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct – all making this a very desirable investment choice.
Leased to PHG on a long term lease arrangement, this investment opportunity is surely something to consider for your property portfolio.
IMPORTANT INFORMATION:
RENT: $24,043 pa
$461 per week (approx)
INCREASE: 3% annual increase between market reviews (Mkt Review every 2.5 Years))
RETURN: 8.5% (Gross)
7.1% (Nett)
LEASE: Until March 2029
OPTIONS: 4 x 5 years
TENANT (PHG) PAYS:
Owners Corporation Admin
Insurance
General maintenance
ESTIMATED OWNER OUTGOINGS:
O C Maintenance Fee: $1,875 pa
Council Rates: $1,135 pa
Water Rates: $1,100 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.