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 studio apartment currently returning $14,800 per year ($284.61 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 spacious private balcony.
Annual Lease - $14,800 per year ($284.61 per week)
Owners Corporation Admin Fees - Paid by Seasons (Tenant)
Water Rates - $587.60 per year - Paid by Owner
Council Rates - $368.00 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.