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.