533/572 St Kilda Road
Melbourne


$329,000

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Property Features


Property ID: 3313454

QUALITY INVESTMENT WITH A SOLID 7.65% RETURN - PLUS BONUS


Welcome to Seasons Heritage Melbourne on St Kilda Road. A fantastic addition to any savvy investor's portfolio. Securely leased and part of the renowned Seasons hotel group this investment opportunity is the perfect cash cow.

This one bedroom apartment currently returning $25,200 per year ($484 per week) until March 2023, with options of one (1) further terms of five (5) years. The apartment features a spacious open plan living, quality fittings and fixtures, sparkling modern bathroom, cooling and heating and private balcony.

Annual Lease - $25,200 per year ($484 per week)
Owners Corporation Admin Fees - Paid by Seasons (Tenant)
Water Rates - $604.40 per year - Paid by Owner
Council Rates - $734.20 per year- Paid by Owner
(all fees are approx. based from the contract supplied please review to your own satisfaction prior to purchase )

With transport at the door providing exceptional city access, and stroll to lively St Kilda Beach, Wesley College, Albert Park Lake/Golf Course and the tempting Fitzroy Street cafes and restaurants. Amenities include 24 hour concierge services, a gymnasium and a restaurant/bar on ground level.