‘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; enclosed balcony* Ducted, individually controlled air-conditioningOwners receive monthly distributions based on the pooled occupancy of all 49 apartments in the building. Monthly and annual summaries are provided by the manager. Rents paid to owner average in excess of $1500 per month for the financial year to date, after all costs and outgoings are deducted. The previous year rent average was $1436 per month and year before this was $1381 per month demonstrating consistent returns and year on year growth.A secure new 10 year lease commenced last year and expires on 31 December 2022. The tenant pays all statutory outgoings. As a guide the current outgoings paid by the tenant are:Strata levy $1,038.94 per quarter / Water rates $605 year / Council rates $833.20 year.Inspections strictly by appointment with the exclusive agent.