501/172 William Street, Melbourne, Vic 3000

This is a superb one bedroom apartment, situated on Level 5 and on the front corner of the building with a bright Westerly aspect.

Sun filled and offering a fully equipped kitchen with dishwasher, four hotplates, oven, and loads of storage. The spacious carpeted lounge and dining area provides comfort and access to the generous bedroom with BIRS. The large two-way en suite bathroom offers shower over bath and laundry facilities. Designated floor lift access, excellent security, and public transport at the doorstep complete the picture.

The apartment is currently leased to the Quest Group until January 2023, with further five year options available thereafter.

This will make an ideal, hassle free, long term investment opportunity with Quest paying for body corporate fees, council rates, water rates, general maintenance and insurance.

NB: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION.

RENT: $16,704 pa
($321 per week approx)

INCREASE: Increases between market reviews

RETURN: 6.1% (Gross)

LEASE: Until Jan 2023

OPTIONS: 3 x 5 years

TENANT (Quest) PAYS:
• Owners corporation fees
• Insurance
• General maintenance
• Water rates
• Council rates

OWNER PAYS:
• Maintenance fund: $688 pa (Approx.)


For further details please contact Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists.

M: 0438 557 885
P: (03) 9682 6222
E: nick@kingsfordproperty.com.au

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