A Stunning Investment in The Blackman'
Presenting a wonderful opportunity for astute investors who want to add a stylish property to their thriving portfolio, this fantastic studio apartment is one to seriously consider. In The Blackman' complex which is part of the Art Series Hotel Group and enjoying great returns, this modern retreat is near the Botanic Gardens, Fawkner Park, Albert Park Lake, and St Kilda Rd trams.
Accommodation: The numbers truly add up for this 17th floor apartment, where buyers can enjoy a rental return of $24,208 pa with 3% increases until August 2020, with options of 3 further 5-year terms. The property itself is splashed with modern charm and delivers amazing views of Albert Park Lake and Port Phillip Bay, light-filled central living and sleeping zone with desk and built-in robe, large balcony with the superb views, stone kitchenette with a mirrored splashback and quality appliances, and an elegant bathroom. Named after notable Australian painter Charles Blackman and with many of his pieces to be viewed throughout the hotel complex, you'll also have access to a gym, conference facilities, and ground floor restaurants.
Features: Secure long term lease in a prime residential development on Melbourne's premier boulevard.
MEDIAN HOUSE OR UNIT PRICE FOR THE SUBURB: $390,000
INDICATIVE SELLING PRICE: $320,000 - $340,000
COMPARABLE SALE 1: 210/452 St Kilda Rd, Melbourne VIC 3004 SOLD $288,000 - 11/7/2017- 1 Bed, 1 Bath, 0 Car.
COMPARABLE SALE 2: 1010/452 St Kilda Rd, Melbourne VIC 3004 SOLD $315,000 - 17/5/2017- 1 Bed, 1 Bath, 0 Car.
COMPARABLE SALE 3: 1113/452 St Kilda Rd, Melbourne VIC 3004 SOLD $370,000 - 22/4/2017- 1 bed, 1 Bath, 0 Car.