Refurbished recently, so depreciation advantages remain a factor. Building offers pool, gym, concierge foyer and conference facilities with an extensive piazza complete exceptional surroundings in the very heart of the CBD.
This apartment is fully furnished, leased to the Oaks group, and run as an apartment hotel.
Offers investors the security of a long term lease with options and minimal outgoings.
Lease Term: Until 2016
Options: 4 x Five years
Return: $17,796 pa (approximately)
Rental Increases: 5% every second year
Owner pays for Council Rates & Maintenance Fees.
Tenant pays for Owners Corp Fees, Water Rates, Insurance, and General Maintenance.
