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Last Updated: 29/05/2014
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Sound Investment Opportunity with a 6.39% return in Prime location SALE BY NEGOTIATION

Quick Summary
- Looking for an investment with - No Owners Corporate fees - No General Maintenance costs - No leasing or rent collection fees - No vacancies - No Tenant Worries - Guaranteed Income - Guaranteed Annual Increases - Long Term Secure Lease
Listing Information
Posted On:29/05/2014
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Location:
223/185 Lennox (ST)
RICHMOND 3121
Victoria
Australia
Property name 185 lennox street
Floor level 2
Features
Bedrooms:Studio
Bathrooms:1
Toilet:Yes
Car spaces:0
Secure parking:Yes
Dishwasher:Yes
Built-in robes:Yes
Broadband:Yes
Pay TV:Yes
Ducted heating:Yes
Air conditioning:Yes
Alarm system:Yes
Views:City
Status
Listing status:Current
Overview
ATT. THIS IS FOR THE INVESTOR ONLY - NOT FOR OWNER OCCUPIER
Situated on the Eastern side of the complex onlooking on Lennox street and on the second level, this is a superb studio apartment presently leased to the Quest Apartment Group and returning an impressive $1,224 per month. (With annual rental increases of 4% between market reviews, usually P/A)
This boutique block of only 64 serviced apartments is set in the heart of one of Melbourne’s most sought after suburbs; the building is on Richmond Hill boasting a short walk to the vibrant Bridge Rd and is only minutes away from the MCG, Rod Laver Arena and Melbourne’s CBD. Features include concierge security entry, ducted heating and air conditioning and gymnasium on site. Lease term: 5 years till 2015 with four further terms of 5 years each.Quest has labeled this site as there winner
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