120/187 lennox Street, Richmond, Vic 3121

Apartment 120
187 LENNOX STREET
RICHMOND

Another SOLD by Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists

Interested in selling? Call Nick discuss your options on 0438 557 885

$285,000 (Private Sale)

N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

Situated on the Eastern side of the complex and on the first level, this is a superb one bedroom apartment of 50 square meters presently leased to the Quest Apartment Group and returning an impressive $412 per week.

This boutique block of only 64 serviced apartments is set in the heart of one of Melbournes most sought after suburbs; the building is on Richmond Hill boasting a short walk to the vibrant Bridge Rd and is only minutes away from the MCG, Rod Laver Arena and Melbournes CBD.

No Owners Corporate fees
No General Maintenance costs
No leasing or rent collection fees
No vacancies

Securely leased to the Quest Group until November 2015 with further options thereafter.

Current rent: $20,610 per annum (Effective November 2013)
(With annual rental increases of 4% between market reviews)

Return: 7.52%

Options: 4 x 5 year options

Outgoings:

Owner Pays: Council and Water Rates: $890 pa (Approx)
Maintenance Fund: $770 pa (Approx)

Quest Pays: Body corporate fees, Insurance, General maintenance and Water usage

For further enquires, please call the agent...


Although every care has been taken in the preparation of the above information, we stress particulars herein arefor information only, and do not constitute representation by the Owner or the Agent.