704/3 Studley Park Road

Kew VIC 3101

A superb investment opportunity, this generous studio apartment is one of only thirty in a serviced apartment operated hotel leased to Comfy Kew Apartments until July 2021 with further options thereafter.
Stylish and modern, it has sunny westerly aspect, fully mirrored wall, split system air conditioning, built in desk, kitchenette with stone bench top and Blanco appliances plus contemporary bathroom.
The apartment is centrally located and just a 2 minute walk to Kew Junctions cosmopolitan restaurants, cafes, bars and retail shops. It is also within easy reach of the Melbourne CBD with access to tram and bus routes.
With a high return and attractive price, it is an affordable investment option into one of Melbournes blue chip inner eastern suburbs.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Return: 8.2% (Gross)
Current rent: $14,232 pa
$274 pw (approx.)
Lease: Until July 2021
Options: 3 x 5 year
Reviews: Annual 3% rental increase between market reviews

Tenant Pays:
Insurance
General maintenance
Water usage
Owner pays:
Owners Corporation Fees $1,951 pa (approx.)
Council rates $1,000 pa (approx.)
Water rates $700 pa (approx.)
For further information please contact Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists
M 0438 557 885
P (03) 9682 6222
E 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.