423/572 St Kilda Road
Melbourne


$199,000

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Property Features


Property ID: 3324840

7.4% RENTAL RETURN IN SEASONS HERITAGE PLUS 21 NIGHTS STAY BONUS


Welcome to Seasons Heritage Melbourne on St Kilda Road. A fantastic addition to any savvy investor's portfolio. Securely leased and part of the renowned Seasons hotel group this investment opportunity is the perfect cash cow.

This studio apartment currently returning $14,800 per year ($284.61 per week) until March 2023, with options of one (1) further terms of five (5) years. The apartment features a spacious open plan living, quality fittings and fixtures, sparkling modern bathroom, cooling and heating and private balcony.

Annual Lease - $14,800 per year ($284.61 per week)
Owners Corporation Admin Fees - Paid by Seasons (Tenant)
Water Rates - $896.00 per year - Paid by Owner
Council Rates - $385.85 per year- Paid by Owner
(all fees are approx. based from the contract supplied please review to your own satisfaction prior to purchase )

With transport at the door providing exceptional city access, and stroll to lively St Kilda Beach, Wesley College, Albert Park Lake/Golf Course and the tempting Fitzroy Street cafes and restaurants. Amenities include 24 hour concierge services, a gymnasium and a restaurant/bar on ground level.