204/18 Finlay Place

Carlton VIC 3053

''QUEST CARLTON ON FINLAY'' $205,000
THIS APARTMENT IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION DUE TO THE LONG TERM LEASE.
ON OFFER HERE IS A FULLY FURNISHED ONE BEDROOM INVESTMENT APARTMENT OF APPROXIMATELY 43 SQM WITH A 3 SQM BALCONY.
ONE OF ONLY 52 IN THE BLOCK, THE PROPERTY IS LOCATED ON THE EDGE OF THE CBD OFF LYGON STREET, IN THE MIDST OF THE MYRIAD OF RESTAURANTS AND CAFES THAT VIBRANT CARLTON HAS TO OFFER.
CURRENTLY LEASED UNTIL NOVEMBER 2010 AND OFFERING A RENTAL OF $279 PER WEEK, THE COMPLEX IS RUN AS A 4 STAR RATED APARTMENT HOTEL RUN BY ''QUEST'' AND OFFERS A CONTINUOUS INCOME STREAM WITH SUBSTANTIALLY REDUCED OUTGOINGS.
PLEASE NOTE: THE OWNER CAN USE THEIR APARTMENT FOR UP TO 60 DAYS PER YEAR (CONDITIONS APPLY).
CURRENT RENT: $14,518 PA
RETURN: 7.1%
OPTIONS: 3 X 5 YEARS
OUTGOINGS:
QUEST PAYS: OWNERS CORPORATE FEES, INSURANCES AND RECURRENT MAINTENANCE ARE PAID FOR BY QUEST.
OWNER PAYS: COUNCIL AND WATER RATES: $738 PA (APPROX)
SINKING FUND: $765 PA (APPROX)
FOR FURTHER ENQUIRES, PLEASE CALL:
NICK WALTERS OF KINGSFORD PROPERTY
(03) 9682 6222 OR 0438 557 885
NICK@KINGSFORDPROPERTY.COM.AU
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.