Stylish one bedroom apartment. Climate controlled, seperate large bedroom, large bathroom, WC, bath/shower combined. Fully equipped kitchen, laundry with washer/dryer.

The enquiry code for this property is 1683.
You will be asked for the code when you call about this property.

Open plan lounge And dining. All fully furnished, white goods, linen, curtains etc all in good condition.

Complex also has onsite secure basement carparking, extensive outdoor tables and pool lounges, large heated pool And spa, well equipped gym, an internet cafe area and a full restaurant.

The property is leased to the Mantra Group and has a 5 year lease with further 5 year extension options up to 2039.

The apartment has a very good return with monthly rent just increased to$1223.69 which equates to an annual gross return of $14,684.28. Outgoings are body corporate of around $530 per quarter, $591 pa for council rates and water rates of $213 approx per quarter.

Apartment has fantastic views of Melbourne city and parkland.

409/133 is one of the larger apartments in the complex, is a corner apartment and has north and west views of Melbourne.

This one bedroom apartment is strictly investment now but once the lease extensions are completed the apartment will make a great city pad to live in.

Jolimont apartments are only a 3 to 5 minute walk to The MCG, Rod Laver stadium and all the other sporting adjacent stadiums. The tram is close by and very close access to parks, restaurants, casino and the delights of Melbourne.

Apart from rental return, the current owner has commissioned a depreciation report and for example, the 13/14 tax year allowed for a $5674 deduction in the owners taxable income with many more years of depreciation deductions to come. The new owner can also commission a depreciation report and be rewarded with 10′s of $1000′s of depreciation claims against their income for years to come and together with the rental return and the depreciation deductions, there is also the potential capital gains for the new owner. Then in later years a pad to live in only 2 minutes from the MCG and sporting complexes.

With an asking price of just $197,500.you can’t go wrong.

Once again the enquiry code for this property is 1683.
Please be advised that you will need the code when calling about this property.