This property is a unit on a parcel in Williamstown VIC. Data from comparable sales value it at about $410,000. In the local government area Hobsons Bay, featuring 1 bedroom and 1 bathroom.
WATERSIDE INVESTMENT - 6.9% RETURN - 1 BED + CARPARK Apartment 115 + Car Park 544 18 Ferguson StreetWilliamstown$369,000 (Private Sale)N.B THIS IS FOR THE ASTUTE INVESTIOR ONLY - NOT FOR OWNER OCCUPATIONThis is a first floor, fully furnished one bedroom apartment of 55 square meters plus a 5.5 sqm balcony and secure car park within a boutique complex of only 42 apartments.Completed and situated a stones throw from the waters edge, the development is in a prime position and offers not only a secure long term rental but also the option for the owner to stay in their apartment for up to 30 days per year (conditions apply).The apartments are presently leased to the Punt Hill Group until August 2017 with further options thereafter. This is a blue chip investment apartment with a car park for the astute investor.Current rent: $25,453 per annum ($489 per week)(With annual CPI increases each August between market reviews)Return: 6.9%Options: 4 x 5 year optionsTenant Pays: Owners Corporate Fees, Insurance, General maintenance and Water usageOwner pays: Council rates: $1,117 pa (Approx)Water Rates: $600 pa (Approx)Sinking Fund: $800 pa (Approx)For further enquires, please call Nick Walters at Kingsford - The Serviced Apartment SpercialistsAlthough 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.