A Dazzling South Yarra Investment!
Accommodation: Defining inner city chic, this quality apartment currently leased to Punthill and enjoys fantastic rental returns of $19,567.80 per year, with a four further terms of five years each (or the apartment can be owner-occupied at the end of the lease term). The building also has a 100% occupancy rate with annual rent increases every August. The property is highlighted by gorgeous city views from the large undercover balcony, relaxed living and meals, kitchen with stainless steel Blanco appliances, sizeable bedroom with mirrored BIR, stunning bathroom with black wall tiles, and a European laundry. You're also near the Vogue Shopping Plaza, Prahran Market, and Royal Botanic Gardens.
Features: Reverse cycle heating and cooling, 24- hour reception, access to facilities including a spa and gymnasium
MEDIAN HOUSE OR UNIT PRICE FOR THE SUBURB: $385,000
INDICATIVE SELLING PRICE: $313,000
COMPARABLE SALE 1: 714/3 Yarra Street, South Yarra. SOLD $341,000- 27/10/2017- 1 Bed, 1 Bath.
COMPARABLE SALE 2: 404/7 Claremont Street, South Yarra. SOLD $325,000- 13/09/2017- 1 Bed, 1 Bath.
COMPARABLE SALE 3: 307/7 Claremont Street, South Yarra. SOLD $ 350,000- 24/07/2017- 1 bed, 1 Bath.