7/2 Rotherwood Street, Richmond, Vic 3121
Sold: $331,500 (09-20-2010)- hotel 1
- hot_tub 1
- directions_car 1
To those who've been watching this appear to sit and sit and sit - well here's the truth... we've had 5 apartments in this block for sale as part of a company's business rationalisation plan and a shift back to its core trade.
Now 4 have been sold and there is one remaining, so a last chance to acquire a small apartment in one of Melbourne's premier inner city locations - Richmond Hill. Stroll to the 'G' the CBD or leisurely dine or shop on Bridge Rd - of course these same attributes make this ideal for tenants.
Now before you all start calling me - remember they are only approximately 35 square metres so financing the acquisition is likely to require a 20% or more owner contribution - check with your financiers before making the call.
With an expected rent yield of $310-$320 per week this cannot be lightly dismissed as you'll have a greater rent return than most inner city apartments to compensate for the greater capital required.