104/14 Kavanagh Street, Southbank, Vic 3006

**Investors Only**
Superbly located in the heart of the Melbourne CBD only minutes walk to iconic Flinders Street station, the Southbank restaurant precinct and the Crown Casino entertainment complex, this one bedroom apartment boasts an open plan lounge/dining room with outdoor balcony, fully equipped kitchen with dishwasher, split system air conditioner, built-in robes and bathroom with laundry facilities.
The MCG and Rod Laver Arena are also within easy reach, so when it comes to location, this apartment ticks all the right boxes.

Lease Details
Current Rent: $355 per week ($18,466 per annum)
Next Rent Increase: 1st March 2017
Current Return: 6.37% Gross / Net 5.6%
Lease Terms: Lease to 28/02/2021 plus 3 x 5 Year options
Rent Increases: 3% yearly with market rent reviews every 5 years (next due 2021)

Approximate Owner Outgoings:
Council Rates: $953 pa
Water Rates: Paid by Tenant
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1267 p/a