Return: $2,275 per month
Lease: Decemebr 2019
Option: Hotel to offer 3 year lease
Owners Corporation Fees: $7,425 pa
Water Rates: $665 pa
Council Rates: $955 pa
Owner to pay all outgoings
5% net on the asking price
Sensationally situated between the Melbourne CBD and St Kilda Beach on one of the world's most iconic boulevards, this smart dual key property represents sensational value for the savvy investor with their sights set on secure returns.
Currently leased by the Park Regis hotel chain and returning $27,300 (approx.) per annum, the two serviced apartments (1BR plus adjacent studio apartment) are located in the striking Griffin Suites complex, renowned for its style, security and the complete convenience of its St Kilda Road setting.
In easy reach of all that Melbourne has to offer, here you are in strolling distance of the Albert Park Lake precinct and only minutes' drive to cosmopolitan St Kilda with its boutique shopping, bars, restaurants and beaches, while the myriad delights of Chapel Street, Southbank and the Crown Entertainment precinct sit just a stone's throw away.
The one-bedroom apartment features spacious north-facing living and dining plus a modern kitchen with dishwasher, while the adjacent studio has an efficient kitchenette well suited to easy meals plus a neat bathroom with roomy shower.
The one-bedroom apartment also features a stylish neutral interior, good-sized 3 x 4.8m (approx.) main bedroom with built-in robes, a handy built-in bookcase or display shelving and a bright combined bathroom/laundry with shower over the full-size bathtub.
With the added convenience of a tram stop directly opposite the hotel, 24hr reception and an onsite café/bar this is also the ideal base to explore the city's arts precinct including the National Gallery of Victoria, Melbourne Theatre Company, Sidney Myer Music Bowl and Royal Botanic Gardens, while extras here include reverse-cycle airconditioning to both apartments and a car space.