Positioned in a prime Melbourne location at the top end of the CBD with major theatre, retail shops, restaurants and cafes close at hand.

Situated on level three and with the quiet and peaceful aspect, is this one bedroom apartment comprising a functional kitchen, open plan dining and lounge room leading to an excellent private double bedroom and neat ensuite bathroom

The apartment is presently leased to Comfort Hotels until October 2027 with two further 10 year lease options there after.

As an added bonus you are able to stay in your apartment for up to 30 days per year- perfect for that weekend get away in the city. (Conditions Apply)

NB: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.

IMPORTANT INFORMATION:

RENT: $15,564 per annum

INCREASES: CPI increases from 3rd year of each term

RETURN: 6.7%

LEASE: Until October 2027

OPTIONS: Two x 10 Year

TENANT (Comfort Hotels) PAYS:
Owners Corporation Admin fees
Water Rates
Insurance
General maintenance

OWNER PAYS:
Maintenance fund: $1,271 per annum (Approx)
Council rates: $882 per annum (Approx)

Inspection can be arranged by private appointment.

Statement of Information: https://s3-ap-southeast-2.amazonaws.com/documents.renet.cloud/coffsagents/1000/20828392/StatementOfInformation-32-47_LONSDALE_STREET-MELBOURNE-VIC_3000 (1).pdf