109/100 Exhibition Street

Melbourne VIC 3000

6.8% RETURN - 2 BED MANTRA APARTMENT.
APARTMENT 109 100 EXHIBITION STREET, MELBOURNE $410,000 (PRIVATE SALE) N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION SITUATED ON THE FIRST LEVEL AND ON THE QUIET NORTH EASTERN CORNER OF THE BUILDING, THIS IS A MODERN TWO BEDROOM APARTMENT OF APPROXIMATELY 75 SQUARE METERS. A LARGE OPEN PLAN LOUNGE AND DINING AREA WELCOMES THE OWNER FROM THE ENTRANCE HALL. IN ADDITION TO THE TWO GOOD SIZED BEDROOMS, BOTH WITH WITH BUILT IN ROBES, IS A FULLY EQUIPPED BATHROOM, LAUNDRY FACILITIES, KITCHEN, AIR-CONDITIONING AND A SECURITY ENTRANCE COMPLETES THE PICTURE. THIS APARTMENT IS IN A SECURE LONG TERM LEASE WITH THE MANTRA GROUP, AND IS RUN AS A 4 ?? STAR RATED SERVICED APARTMENT HOTEL. AS PART OF THE LEASE TERMS, OWNERS DO NOT PAY??? OWNERS CORPORATION FEES COUNCIL RATES WATER RATES INSURANCE GENERAL MAINTENANCE RENT: $27,861 PA ($2,321 PER MONTH) (WITH 4% ANNUAL INCREASES BETWEEN MARKET REVIEWS) LEASE: UNTIL MARCH 2018 OPTIONS: 4 X 5 YEAR OPTIONS RETURN: 6.8% THIS HIGH YIELD LONG TERM INVESTMENT IS SURELY SOMETHING TO CONSIDER FOR YOUR PROPERTY INVESTMENT PORTFOLIO. FOR FURTHER ENQUIRES PLEASE CALL US, THE 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.