A Paris End Investment in the Mantra
Accommodation: Featuring a convenient first floor position, this excellent apartment enjoys an expansive central lounge and dining zone with tall windows, stylish kitchen with an induction Fisher & Paykel cooktop, fridge, microwave, and nearby dining table for easy meals day and night, impressive bathroom, sizeable bedroom with built-in robe storage and a sliding door, and a handy European laundry.
Features: Reverse cycle heating and cooling, secure entry, Mantra facilities include a 24-hour concierge, internet kiosk, daily housekeeping, laundry service, and much more.
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
As part of the lease terms, owners DO NOT pay Owners Corporation Fees, Council Rates, Water Rates, Insurance or General Maintenance.
Lease expires on 05/03/18 with a further 2 x 5 years option
Rent: $25,288.44 pa ($2,107.37 per month)
Review: 4% annual increases between market reviews
Annual Owner Outgoings: Sinking Fund $510 per quarter (approx.)
MEDIAN HOUSE OR UNIT PRICE FOR THE SUBURB: $337,500
INDICATIVE SELLING PRICE: $380,000 - $388,000
COMPARABLE SALE 1: 1411/222 Russell St, Melbourne. SOLD $405,000- 01/06/2017- 1 Bed, 1 Bath, 0 Car.
COMPARABLE SALE 2: 1805/27 Little Collins St, Melbourne. SOLD $395,000- 27/04/2017- 1 Bed, 1 Bath, 0 Car.
COMPARABLE SALE 3: 37/187 Collins St, Melbourne. SOLD $360,000- 08/03/2017- 1 bed, 1 Bath, 0 Car.