Light filled top floor one bedroom apartment in leafy George Street with open plan kitchen and living area, separate bedroom & bathroom. Reverse Cycle Heating/Cooling.

With this hassle free set and forget investment you dont need to worry about finding tenants or missing out on rental income in between leases, courtesy of the Secure long term lease to Knightsbridge Serviced Apartments until May 2035 (current 5 year term expires 4th May 2020, plus the tenant has a further 3 x 5 year options).

Current Rental is $1,242.92 per month, with automatic CPI rental increases annually in May, and market reviews between 5 year terms.

Minimal Outoings payable by owner:
-Owners Corp Sinking Fund only $360pa
-Water rates approx $850pa
-Council rates $730pa
-Tenant Pays general maintenance, water consumption costs and owners corporation admin fund fees.

Excellent investment for self managed super funds or investors looking for a positive cash flow investment in a blue chip location with exciting capital growth prospects.

Rare opportunity to purchase the only one bedroom apartment in this highly sought after building!

Inspection by private appointment