205/187 Lennox Street, Richmond, Vic 3121

Situated on the preferred Western side of the complex, this is a superb second level one bedroom apartment of 50 square meters in addition to a 9 square meter balcony and two secure undercover car parks (tandem). This apartment is presently leased to the Quest Apartment group.

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

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

Current rent:$24,493 per annum ($2,041 per month)
(With annual rental increases of 4% between market reviews)

Return: 7.1%

Options: 4 x 5 year options

Outgoings:

Owner: Council and Water Rates and Maintenance Fund

Tenant: Owners Corporate fees, Insurance, General maintenance and Water usage

For further enquires, please contact the agent.

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