This property is a unit on a lot in Kew VIC. Based on comparable properties, its value is $330,000. The local council is Boroondara, with 1 bedroom and 1 bathroom.
HUGE 8.25% RETURN - $218,000. PRIME STUDIO INVESTMENT Apartment 803 (Lot 29)3 Studley Park Road,Kew 3101$218,000 (PRIVATE SALE)N.B.THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATIONThis is a spacious studio apartment of approximately 30 square meters currently leased to Quality Suites Beaumont (Formerly Quest) as part of a serviced apartment hotel situated in one of Melbournes Blue Chip inner Eastern suburbs.This second floor apartment boasts style and quality from the outset. Positioned on the East side of the building, this bright apartment offers a spacious bedroom and lounge area with sliding glass door to an enclosed contemporary en suite bathroom. The kitchenette offers stone bench tops with Blanco appliances, and reverse cycle air conditioning completes the picture. The complex also has a dedicated conference facility.This boutique property is spread over three buildings providing 76 apartments and is ideally located with just a short stroll to Kews cosmopolitan restaurants, cafes and retails shops. It is also within easy reach of the Melbourne CBD with easy access to tram and bus routes on the doorstep.Leased to Quality Suites Beaumont until April 2015 with 4 additional 5 year terms thereafter.Current rent: $18,030 pa ($1,502.54 per month)Return: 8.25%Options: 4 x 5 year optionsRental Increases: Annual 4% increases (Each April between market reviews)Tenant Pays: Owners Corporate Fees, Council Rates, Water Rates, Insurance, General maintenance and Water usageOwner Pays: Sinking Fund: $692 pa (Approx)For further enquires, please call us - Melbourne's Serviced Apartment SpecialistsAlthough 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.