803/3 Studley Park Road

Kew VIC 3101

Another SOLD by Nick Walters of Kingsford Property Melbourne s Serviced Apartment Specialists
Interested in selling? Call Nick discuss your options on 0438 557 885
N.B.THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
This is a spacious studio apartment of approximately 30 square meters currently leased to Quality Suites Beaumont (Formerly Quest) as part of a serviced apartment hotel situated in one of Melbournes Blue Chip inner Eastern suburbs.
This second floor apartment boasts style and quality from the outset. Positioned on the East side of the building, this bright apartment offers a spacious bedroom and lounge area with sliding glass door to a contemporary en suite bathroom. The kitchenette offers stone bench tops with Blanco appliances, and reverse cycle air conditioning completes the picture. The complex also has a dedicated conference facility.
This boutique property is ideally located with just a short stroll to Kews cosmopolitan restaurants, cafes and retails shops. It is also within easy reach of the Melbourne CBD with easy access to tram and bus routes on the doorstep.
Leased to Quality Suites Beaumont until April 2015 with 4 additional 5 year terms thereafter.
Current rent: $18,030 pa ($1,502.54 per month)
Return: 8.25%
Options: 4 x 5 year options
Rental Increases: Annual 4% increases (Each April between market reviews)
Tenant Pays: Owners' Corporation Fees, Council Rates, Water Rates, Insurance, General maintenance and Water usage
Owner Pays: Owners' Corporation Maintenance Fund: $692 pa (Approx)

For further enquires, please call us - Melbourne's Serviced Apartment Specialists

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.