This is a 'set and forget' cash cow investment in a AAA Blue Chip location
It’s not everyday that you have an opportunity to secure a Blue Chip apartment in the heart of South Yarra This Adina serviced apartment is a fantastic and spacious apartment leased for at least 5 more years to the hotel. The guaranteed rental income will be sure to impress, and increases by a minimum 3% each July. Please contact agent for the lease agreement and inspections time. Enjoy the benefit of low outgoings, with Adina Hotel responsible for council and water rates, and Owners Corporation fees!! (Excluding sinking fund contributions), no vacancy worries and a secure rental income RENT App $20,000 a year.
These elegant and stylish apartment will amaze you with their timeless appeal and are prime examples of why Melbourne's inner city suburbs are in such demand. Location could not be bettered, with everything you need at your doorstep including all of the best restaurants, cafe's and bars, and everything else fabulous that makes Melbourne the most liveable city!
The apartment is beautifully located with leafy views around thr balcony on all sides.. Fully-furnished large bedroom, spacious living room, with contemporary styling, providing split system A/C, flat screen TV, and wireless internet, plus hotel facilities including swimming pool, steam room and gymnasium. The open plan living area contains a fully-appointed kitchen dressed in gloss and stone, plus a large double bedroom with extensive built-in robes, and modern bathroom with Euro laundry