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Sold:Lot 104, Southbank, VIC

Sold:Lot 104, Southbank, VIC

6.37%  1 Bedrooms 1 Bathrooms 1 Garage

Prime CBD Location – Low Owner Outgoings – Long Term Lease

Superbly located in the heart of the Melbourne CBD only minutes walk to iconic Flinders Street station, the Southbank restaurant precinct and the Crown casino entertainment complex, this 1 bedroom apartment boasts an open plan lounge/dining room with outdoor balcony, fully equipped kitchen with dishwasher, split system air conditioner, built-in robes, laundry facilities, bathroom and car park on title. The MCG and Rod Laver Arena are also within easy reach, so when it comes to location, this apartment ticks all the right boxes.

Apartment Price Status Design Gross Return Weekly Rent Rent p/a
Lot 104 $297,000 Sold 1 Bedroom 6.22% $355 $18,466

Lease to Quest Southbank until March 2021 plus 3×5 year options (to 2036)

Rent Increases: 3% per annum – reviewed to market every 5th year (Next review 28/2/2021)

Approximate Owners Outgoings:

Council Rates: $953 pa
Water Rates: Paid By Quest Southbank
Owner’s Corporation Maintenance Fund: $1217 pa
Owner’s Corporation Administration Fee: Paid By Quest Southbank (including building insurance)

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