Sold
Last Asking Price - $160,000
407/452 St Kilda Road, Melbourne VIC 3000
Apartment
11
Block size: 2323 m² approx.
PRIME ENTRY LEVEL INVESTMENT...8.4% GROSS RETURN !
An exceptional opportunity awaits savvy investors looking to acquire this serviced apartment on a long-term lease. Positioned on Level four, the apartment is currently under a five-year lease to "The Kinson" hotel, with the potential for four additional five-year terms.
Nestled on St Kilda Road and meticulously maintained, this expansive and well-lit studio apartment promises a sought-after passive income. Boasting an open-plan design, flooded with natural light through floor-to-ceiling windows and sliding door leading to a South facing balcony. Equipped with heating/air-conditioning, the property also offers modern amenities featuring a contemporary tiled bathroom, built-in robes, and a secure entrance, this investment combines an ideal location with promising returns.
The onsite amenities include a gymnasium, smart car hire, bicycle hire, laundry facilities, 24/7 concierge services, and robust security. Positioned just minutes away from Melbourne's CBD, the Arts precinct, vibrant St Kilda, South Melbourne, Chapel Street, Albert Park Lake, and with convenient public transport at your doorstep, this property is poised for both convenience and growth.
NB : THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION.
IMPORTANT INFORMATION:
RENT: $13,454 pa
($258 per week approx.)
INCREASE: Annual CPI capped at 2% (Between Market Reviews)
RETURN: 8.4% Gross
6.00% Nett
LEASE: Until May 2027
OPTIONS: Four further 5-Year options
TENANT (The Kinson) PAYS:
50% of Owners Corporation Admin: $2,035pa
Insurance
General maintenance
OWNER PAYS:
50% of Owners Corp Admin: $2,035 pa
Maintenance/Sinking Fund: $523 pa
Council Rates: $619 pa
Water Rates: $666 pa
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au
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.
Nestled on St Kilda Road and meticulously maintained, this expansive and well-lit studio apartment promises a sought-after passive income. Boasting an open-plan design, flooded with natural light through floor-to-ceiling windows and sliding door leading to a South facing balcony. Equipped with heating/air-conditioning, the property also offers modern amenities featuring a contemporary tiled bathroom, built-in robes, and a secure entrance, this investment combines an ideal location with promising returns.
The onsite amenities include a gymnasium, smart car hire, bicycle hire, laundry facilities, 24/7 concierge services, and robust security. Positioned just minutes away from Melbourne's CBD, the Arts precinct, vibrant St Kilda, South Melbourne, Chapel Street, Albert Park Lake, and with convenient public transport at your doorstep, this property is poised for both convenience and growth.
NB : THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION.
IMPORTANT INFORMATION:
RENT: $13,454 pa
($258 per week approx.)
INCREASE: Annual CPI capped at 2% (Between Market Reviews)
RETURN: 8.4% Gross
6.00% Nett
LEASE: Until May 2027
OPTIONS: Four further 5-Year options
TENANT (The Kinson) PAYS:
50% of Owners Corporation Admin: $2,035pa
Insurance
General maintenance
OWNER PAYS:
50% of Owners Corp Admin: $2,035 pa
Maintenance/Sinking Fund: $523 pa
Council Rates: $619 pa
Water Rates: $666 pa
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au
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.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Nick Walters to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
1
Bathrooms:
1
Property type:
Apartment
Block Size:
2323 m²*
Other Details
Lot:
407
Plan:
PS609019
Legal description:
407\PS609019
Maps and area information
Block information
Block size: 2323m² (approx)
Legal description: 407\PS609019
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
03 Apr 2024
Sold
Kingsford Property
Listed: 21/02/2024
Transfer type: Full transfer
02 Dec 2016
Sold
International Equities
Listed: 01/12/2015
Transfer type: Full transfer
Statement of information
Section 47AF of the Estate Agents Act 1980
Download Statement of Information
Indicative selling price, median house price for the suburb and comparable sales information has been provided by the agent in compliance with Estate Agents Act 1980.
Melbourne suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
29 years
Population
54,941
Listing ID: 182317292. This listing has been viewed 88 times. It was first displayed on 21/02/2024 and last updated on 03/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.