ST KILDA VIC 3182
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- 2 Sep 2016
2450ML - CLOSE CBD OPPORTUNITY WITH BIG UPSIDE
- Just seven kilometres from Melbourne CBD.
- 26 one bedroom self-contained apartments.
- Running an occupancy over 70 % year round.
- On the edge of the St Kilda entertainment precinct where in 2015 available room yields ran just under a big $40,000 per year. (Source ABS).
There's more to this property than meets the eye. 26 apartments under leaseback agreement, with all repairs, maintenance and replacements serviced by apartment owners.
There's an excellent occupancy to be leveraged for higher yields in the years to come.
This property has potential to produce an annual income of $200K to the right operator.
Are you the one? Call Us, Just Call Us!
Note: Unlike in other states, Victorian leasehold purchases do not attract state stamp duty, the lessee is not responsible for the lessor's land tax, vendor's personal guarantees do not apply at transfer, compulsory market review occurs at start of every option, and rent can move downward.
Contact Reg Partington from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2450ML (quote when enquiring)
Location: St Kilda is Melbourne's favourite beachside suburb. Join locals who walk, cycle and skate under the palms on the foreshore or sail, windsurf or kitesurf on the bay. Keep an eye out for little penguins at the St Kilda Breakwater and visit the Sunday St Kilda Esplanade Arts and Craft Market. Return to the neighbourhood's genteel resort days with a dip in the heated seawater spas and pools at the historic St Kilda Sea Baths. Enjoy fine dining at Donovan's and Circa, Asian flavours at Golden Fields. Catch live music at the Palais Theatre, the Esplanade Hotel and the Prince Bandroom, and get a thrill on a ride at the iconic Luna Park.
Fitzroy and Acland streets have cool cafes, restaurants and bars, fashion boutiques and independent music and book stores. Hear the languages of many European cultures on Carlisle Street. Grab a bagel at Glick's Cakes and Bagels, a coffee at Wall Two 80, or lunch at The Local. Share the Jewish experience at the Jewish Museum of Australia.
Get carried along with the crowds at February's St Kilda Festival. A week of music and comedy performances culminate in Festival Sunday, which sees the streets closed to carry on the suburb's historic penchant for revelry.
Property Code: 2021
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information