506/57 Flinders Lane, Melbourne, Vic 3000

Apt 506 (Lot 96)
57 Flinders Lane, Melbourne

$353,750

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

Outstanding two bedroom apartment of 75 square meters.

Located at the Paris end of Melbourne's CBD, this brilliant warehouse style apartment is of the highest quality and offers individuals the opportunity to secure a rewarding and trouble free investment.

The apartment is comprised of two bedrooms, a superb large modern bathroom with bath and shower, and spacious lounge with views to the Melbourne Cricket Ground, granite kitchen and dining area.

In addition, the complex has a gym, swimming pool with jet spa, and is situated in the midst of some of Melbourne's finest restaurants and shops.

This is a hassle free investment with no vacancies, no leasing or rent collection fees, no body corporate fees or general maintenance costs. In short, "The Manhattan " is an outstanding property investment opportunity.

Securely leased to the "Punt Hill Group" until November 2015 with further options thereafter.

Current rent: $25,937 pa
(With annual CPI increases between market reviews)

Return: 7.4%

Options: 2 x 6 year options

Outgoings:

Owner: Council rates, water rates and maintenance fund $3,385 pa

Tenant: Body corporate fees, Insurance, General maintenance and Water usage

For further enquires, please call:

Nick Walters of Kingsford Property

0438 557 885 or (03) 9682 6222

nick@kingsfordproperty.com.au

www.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.