Worry free with no vacancy factor this spacious one bed room Collins Street apartment presents a fantastic investment opportunity. Securely leased Located in the heart of the city it is close to shops, restaurants and transport.
Lease Details: 3x5 year terms
CPI increase Annually
Please note that the property is leased to Quest Apartments for 15 years.

The current rent is $1306 per calendar month, increasing by CPI each January.

This rental amount is fixed and doesn't fluctuate according to occupancy levels.

Quest pay the annual body corporate fees, council and water rates.

This makes an extremely good investment for an astute investor with a long term strategy for positive cash flow.

No vacancy, no advertising to find new tenants, no hassles with bad tenants and no management commission!

Once the lease has expired in 2023, you can owner occupy the property, in the meantime, sit back and enjoy the investment returns!
Contact Kevin Bartholomeusz on 0409 174 119 for further information or to arrange an inspection.

$230,000 neg

CONTACT:

Kevin Bartholomeusz 03 9824 0900
0409 174 119