;
Sold Jun 2014
NOW $230,000 - 7% Return

509/43-51 Lonsdale Street, Melbourne, VIC 3000

1 bed 1 bath 0 car
Apartment

509/43-51 Lonsdale Street has been Sold
Apartment 509
43 – 51 Lonsdale Street, Melbourne
$230,000 (Private Sale)
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Situated on the preferred Northern side of the block this is a neat one bedroom fifth floor apartment of 35 square meters, offering bathroom with laundry facilities, kitchen, and lounge leading to a bedroom with two square meter balcony overlooking Lonsdale Street. The complex is positioned right in the heart of Melbourne’s theatre precinct.
This investment apartment is operated by Quest and returns an impressive $309 per week.
Long term lease and minimal outgoings apply here with owner’s corporate fees, general maintenance, water rates and insurances all paid by your tenant – Quest.
Please Note: The owner can use their apartment for up to 30 days per year. (*Conditions apply)
Lease: Until October 2017
Options: 1 x 10 Year Option
Rental: $16,134 pa ($1,345 per month)
(With annual CPI increases from the third year of each term, between market reviews)
Return: 7%
Outgoings:
Tenant (Quest) pays: Owners Corporate, Water Rates, General Maintenance and Insurances
Owner pays: Council Rates: $643 pa (Approx)
Capital Maintenance Levy: $713 pa (Approx)
For further enquires please call us - Melbourne's Serviced Apartment specialists.
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.
Features
Floor Area: 35sqm
Rooms: 3
What's Nearby
What's Nearby
Schools
Transport
Eats
Shopping
Comparable Sales
See what properties like this have been selling for
Meet the Neighbours near 509/43-51 Lonsdale Street SA1 - 2112232 See demographic, employment and income info about the people living in this part of Melbourne
$922
Monthly Personal Income
$2,258
Monthly Household Income
$1,500
Monthly Mortgage Repayments
The average age is 24
Majority are Couples without children
Most residents Renting
Weekly Income
Pocket
Melbourne
Employed as Accommodation and food services
Accommodation and food services
Professional scientific and technical services
Retail trade
Public administration and safety
Arts and recreation services
Pocket Profile
Ask Nick about 509/43-51 Lonsdale Street, Melbourne, VIC 3000
Nick Walters
Nick Walters
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