Better Than A Term Deposit - $220000

Description

Great Money Maker This apartment is not for owners occupation - only for the astute investor. This is a smart addition to anyone's investment portfolio or simply to compliment a retiree's superannuation package. This most outstanding serviced fully furnished and superbly decorated studio apartment leased by a well known and respected service apartment company until 2016 with a further 4 x 5 year option. This property is of a very high standard and has regular rental increases every 2 years with CPI. All outgoings are paid by the tenant of the building and is situated with the heart of the corporate sector of Melbourne. This is the pinnacle of all investment properties with a 6.6% return (net) on annual returns. Be quick as this will not last. For a private inspection call James Bartolo @ Thomson Real Estate Northcote on 9489 5777 or 0413 561 054. This is a private sale and available now @ $237,500.