307/471 Little Bourke Street

Melbourne VIC 3000

HERES ANOTHER GEM - HUGE 7.1% RETURN - SECURE TENANT
APARTMENT 307 471 LITTLE BOURKE STREET, MELBOURNE $265,000 (PRIVATE SALE) THIS IS FOR ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION SITUATED ON THE THIRD FLOOR AND ON THE PREFERRED NORTHERN SIDE OF THE BUILDING, THIS IS A VERY LARGE STUDIO APARTMENT OF APPROXIMATELY 45 SQUARE METERS WITH OPEN PLAN KITCHEN, DINING LOUNGE AND BED AREA WITH BUILT IN ROBES, IN ADDITION TO A SPARKLING BATHROOM. 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. THIS APARTMENT IS IN A SECURE LONG TERM LEASE WITH THE MANTRA GROUP, AND IS RUN AS A 4 STAR RATED SERVICED APARTMENT HOTEL. RENT: $18,789 PA ($1,565 PER MONTH) (WITH ANNUAL INCREASES BETWEEN MARKET REVIEWS) LEASE: UNTIL MARCH 2018 OPTIONS: 4 X 5 YEAR OPTIONS RETURN: 7.1% (NETT) OUTGOINGS: MANTRA PAYS ? OWNERS CORP FEES, COUNCIL RATES, WATER RATES, INSURANCE, AND GENERAL MAINTENANCE COSTS. FOR FURTHER ENQUIRES, PLEASE CALL THE AGENT 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. PROSPECTIVE PURCHASERS ARE ADVISED TO CARRY OUT THEIR OWN INVESTIGATIONS.