$199,000
22/43-51 Lonsdale Street, Melbourne VIC 3000
Apartment
11
HUGE 8.4% RETURN!
*** THIS IS FOR THE ASTUTE INVESTOR ONLY CANNOT BE USED FOR OWNER OCCUPATION ***
This neat one bedroom apartment is located in the heart of Melbourne's theatre district in leafy Lonsdale Street. There is a well presented separate living room with kitchenette that has been recently re-painted & re-carpeted with new reverse cycle air-conditioning installed. The large refurbished bedroom has built in robes and adjoins the bright stylish ensuite.
Leased to the Comfort Hotels until 7th October 2027 with two further 10 year options.
INVESTMENT SUMMARY:
RENT: $16,704.72 per annum
$321 per week
RENT REVIEW: Annually from year 3 of each term
RETURN: 8.4% Gross
LEASE: Until 7th October 2027
OPTIONS: Two further ten year options
OWNER PAYS:
Owners Corporation maintenance fund
Council rates
Water rates
TENANT (Comfort Hotels) PAYS:
Owners Corporation administration fund
Water usage
Insurance
General maintenance
Inspection by private appointment.
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. Clients are required to make their own investigations, carefully check the formal legal documentation & seek independent professional legal advice.
This neat one bedroom apartment is located in the heart of Melbourne's theatre district in leafy Lonsdale Street. There is a well presented separate living room with kitchenette that has been recently re-painted & re-carpeted with new reverse cycle air-conditioning installed. The large refurbished bedroom has built in robes and adjoins the bright stylish ensuite.
Leased to the Comfort Hotels until 7th October 2027 with two further 10 year options.
INVESTMENT SUMMARY:
RENT: $16,704.72 per annum
$321 per week
RENT REVIEW: Annually from year 3 of each term
RETURN: 8.4% Gross
LEASE: Until 7th October 2027
OPTIONS: Two further ten year options
OWNER PAYS:
Owners Corporation maintenance fund
Council rates
Water rates
TENANT (Comfort Hotels) PAYS:
Owners Corporation administration fund
Water usage
Insurance
General maintenance
Inspection by private appointment.
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. Clients are required to make their own investigations, carefully check the formal legal documentation & seek independent professional legal advice.
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
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Contact Martin Russell to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
1
Bathrooms:
1
Property type:
Apartment
Other Details
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Statement of information
Section 47AF of the Estate Agents Act 1980
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Indicative selling price, median house price for the suburb and comparable sales information has been provided by the agent in compliance with Estate Agents Act 1980.
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SummaryMedian sales
Average Age
29 years
Population
54,941
Listing ID: 182564448. This listing has been viewed 41 times. It was first displayed on 30/05/2024 and last updated on 30/06/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.