49/25 Redan Street, St Kilda
INVESTORS NOTE - APPROX 6% NETT RETURN! Studio - Property ID: 776014 125
This former Quest owned and operated strata titled studio apartment plus undercover car space is now managed by Redan Apartments as a serviced apartment with a current rental $160 per week plus the tenant pays the administration levy component of the Owner's Corporation.
The current lease expires in 2016 with 2 further 5 year lease options, exercisable at the tenant's option (not the landlord), so please note, this is NOT suitable for owner occupiers.
Redan Street is a leafy location opposite St Michael's Grammar School with Chapel Street a hop and skip away, as is the Windsor train station and the Astor theatre.
Great opportunity for those buyers with a self managed superannuation fund who want a "set and forget" investment property. This one has brand new commercial grade carpet, has been freshly painted throughout and even has a city glimpse!
You wont find many around like this one, so be quick to call me now!
NOTE: due to the nature of serviced apartment occupancy, inspections can be difficult and unpredictable to arrange and as such, viewing is strictly by appointment.