‘Medina Classic Martin Place’ is located one block north of Martin Place in the blue chip northern CBD. This professionally managed, fully furnished, one bedroom serviced apartment is an ideal choice for self managed Super Funds and investors seeking a hands free City residential apartment in a prime location.

* 52 square metre one bedroom apartment approx 12 years old
* Tastefully furnished and decorated throughout in a corporate style
* Fully equipped timber and granite kitchen with s/steel appliances
* Separate double bedroom with built-in wardrobes
* Fully tiled bathroom; separate laundry; balcony
* Ducted, individually controlled air-conditioning

This property is NOT for first home buyers or owner occupiers – it is purely for investors. NET income in excess of 6% for the 2012 financial year.

Owners receive monthly distributions based on the pooled occupancy of all 49 apartments in the building. Monthly and annual summaries are provided by the manager. NET rents paid to owner for the financial year ended 30 June 2012 were $17,361, after all costs and outgoings are deducted. The previous years rent was $17,371 and year before this was $16,572 demonstrating consistent returns.

A secure new 10 year lease commenced last year and expires on 31 December 2022. The tenant pays all statutory outgoings INCLUDING your Strata levy $1,038.94 per quarter / Water rates $605 year / Council rates $833.20 year.

Inspections strictly by appointment with the exclusive agent.