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8.58% return and long term tenant

Located in the most central position possible. This brilliant set and forget investment property has a long term lease in place and a high return locked in for years to come. This surprisingly spacious studio style apartment is leased to the renowned Quest Hotel that operates its successful business in short stay accommodation. The lucrative business committed to the building means you reap the rewards with a generous $16,989 per year return. This is a genuine 8.58% return on your investment.

This is surely an attractive investment compared to others in Melbourne and has the security of a locked in long term tenant for years to come. Be part of this fantastic opportunity and don't miss out !

*Perfect for cash buyers or SMSF
*Investors only as lease in place to 2021
*Current lease end 2021 with further 4x5 years
*No property management fees included
*100% occupancy - Not a pooled lease !
*No leasing fees, no late payments
*Reputable, secure long term tenant tenant

Outgoings include

*Council rates approx $862 pa
*Water rates approx $1003 pa
*Owners corporations fee $1084 pa

Net return $14,040 per year or a 7.1% net return

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- airconditioning
- Close to Schools
- Close to Shops
- Close to Transport

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G1/48 Wellington Parade, EAST MELBOURNE VIC 3002

Price: Undisclosed

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