229/185 Lennox Street, Richmond, Vic 3121

Superb entry level investment opportunity offering massive returns!! - Ideal for both investors or for a superannuation fund

- Bed sit style apartment with balcony
- Kitchenette/laundry facilities & air conditioning
- Long term lease to 'Adara Hotels Apartments'
- 10yr lease with 4 x 5yr options with 4% increases (Commenced 25/11/2005)
- Offering over 7.5% return - currently @ $15,049pa.
- Tenant pays Owners Corporation Admin fees & water usage
- Size: 34M2 approximately including balcony
- Outgoings: Rates $655pa - O/C $413pa - Water $626pa approx.

Please Note: INVESTORS ONLY - Not suitable for home buyers

Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.

Property Code: 5403