603/651 CHAPEL STREET, South Yarra, Vic 3141

Apartment 603
651 Chapel St, South Yarra

“QUEST ON CHAPEL"

$236,000

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

This is a spacious fully furnished one bedroom apartment in one of Quests finest properties situated in the heart of trendy South Yarra on Chapel Street.

This sixth floor 40 square meter apartment boasts quality from the outset. A welcoming entrance into the dining / kitchen area then opens to the roomy lounge with sliding doors to the 10 square meter north facing balcony. Off the lounge sits the bedroom and fully equipped en suite with laundry facilities.

Only 3 kilometres from Melbourne's CBD and conveniently located within minutes walk to Chapel Street's fashionable shopping and restaurants it is also within close proximity to Melbourne's sports and entertainment venues.

Guests have access to on site security parking (subject to availability) and are able to enjoy the spa, sauna and gym facilities which have magnificent views of the Melbourne skyline.

Leased to the Quest Group until May 2010 with further options.

Current rent: $18,156 per annum ($349 per week)
(With Annual 4% increases each March until 2010)

Return: 7.7%

Options: 3 x 5 year

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

Owner pays: Council Rates: $520 pa (approx)
Sinking Fund: $335 pa (approx)
Monthly Management Fee: 5% of monthly rent ($907pa)


For further enquires, please call:

Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
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.