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 studio apartment currently returning $14,500 per year ($278.84 per week) until March 2023, with options of one (1) further term of five (5) years.
Annual Lease - $14,500 per year ($278.84 per week)
Owners Corporation Admin Fees - Paid by Seasons (Tenant)
Water Rates - $604.40 per year - Paid by Owner
Council Rates - $600.00 per year- Paid by Owner
(all fees are approx. based from the contract supplied please review to your own satisfaction prior to purchase )
The apartment features quality fittings and fixtures with cooling/heating and a sparkling modern bathroom. 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.
Please note: This property is a serviced apartment. It can't be owner occupied and is only suitable for investors.
BONUS- Up to 21 nights of hospitality per year