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Sold: Southbank - Melbourne

Sold: Southbank – Melbourne

1 Bedrooms 1 Bathrooms

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 stylish one bedroom apartment boasts an open plan lounge/dining room with outdoor balcony, fully equipped kitchen with dishwasher, split system air conditioner, built-in robes and a bathroom with built-in laundry facilities. 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 Status Asking Price Type Gross Return Weekly Rent Annual Rent
Lot 303 SOLD $290,000 1 BR 6.23% $347 $18,078
Lot 305 SOLD $280,000 1 BR 6.24% $336 $17,472
Lot 602 SOLD $280,000 1 BR 6.24% $336 $17,472
Lot 22 SOLD  $282,500 1 BR 6.62 $350 $18,215
Lot 1006 SOLD  $483,000 2 BR 6.5% $575 $29,909

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

Rent Increases: 3% per annum every year until March 2021 and then reviewed to market.

Approximate Owners Outgoings:

Council Rates: $861pa
Water Rates: Paid By Quest Southbank
Owner’s Corporation Maintenance Fund: $1160 pa
Owner’s Corporation Administration Fee: Paid By Quest Southbank (including building insurance)

Recently refurbished with new carpet and paint, the kitchen appliances are due for replacement this year. Please contact us for full details.

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