OPEN FOR INSPECTION – SATURDAY 16THOCT 1:00-1:30PM.

JUST LISTED!!

Looking for a secure long term investment without any body corporate fees?

Well you’ll be surprised how much this apartment may suit your investment requirements as there is a lot on offer.

Look no further than this impressive 80 sqm 2 bedroom 2 bathroom apartment offering the astute investor 16 years of tenancy security through corporate administrator The Stockland Group and hotel ‘Mantra on the Park’ in upmarket Exhibition Street right opposite Exhibition Gardens (cnr La Trobe Street).

Featuring a vigorously maintained 4 and a half star rating, this fully furnished apartment is situated on the 9th level and is superbly spacious consisting of a balcony, stunning city views of Melbourne’s office skyscrapers and air conditioning.

About the lease and the money you receive – Current rental return $22,000 pa which will increase in November by 3%. Leased on a commercial 25 year 10 X 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 6.2% return with excellent capital appreciation to be expected in both the short and long term.

A rent review every five years with one coming up shortly which will more than likely increase the rental income even further (given the way the rental market in the city is going crazy!), plus a guaranteed 3% annual increase on top of that again!

That’s a 48% income increase over the next 16 years guaranteed plus 3 more rent reviews which are almost certain to increase!! The population growth will take care of that!