Business as Usual during Holiday- Property Inspections Available

JUST LISTED!
Then look no further than this impressive 86sqm plus 5sqm balcony, 2 bedroom 2 bathroom apartment offering the astute investor 15 years of tenancy security through corporate administrator The Stockland Group and hotel ‘Mantra on the Park’ in upmarket Exhibition Street right opposite Carlton Gardens (cnr La Trobe Street).

Featuring a vigorously maintained 4 and a half star rating, this fully furnished apartment is situated on the 7th level and is superbly spacious consisting of a balcony, stunning views of Carlton Gardens.

The rent is guaranteed for the next 5 years, and a 3% increase per annum

*Oct 2010-Nov 2010- $18,851.29 per annum
*Oct 2011-Nov 2011- $19,416.83 per annum
*Oct 2012- Nov 2012- $19,999.34 per annum
*Oct 2013- Nov 2013- $20,599.31 per annum
*Oct 2014- Nov 2014- $21,217.29 per annum

Current rental return $18,851.29 pa which will increase in November 2011 by 3%. Leased on a 15 year 5 X 5 X 5 lease, with absolutely positively no body corporate fees at all (council and water rates are payable by owner however which are approx. $1500 pa) and all this equates into an impressive 6.1% return with excellent capital appreciation to be expected even in the short term.

That’s a 45% income increase over the next 15 years guaranteed plus 2 more rent reviews which are almost certain to increase!! What a Fantastic investment!!!

INSPECTION BY APPOINTMENT