Sold $225,000 - Apartment, Unit/Apartment
RIGHT IN THE CENTRE OF THE SPORTING (AND INVESTMENT!) UNIVERSE!!
508/133 Jolimont Road, East Melbourne Vic 3002
1 Bedroom 1 Bathroom
16/05/2019 Thursday 1:30pm – 2:00pm
Situated centrally in Melbourne’s high profile sporting and cultural hub is this very captivating, elegant and fully
refurbished one bedroom Mantra serviced apartment offering investors a secure long term lease with a high
yielding return and minimal outgoings.
The Mantra at Jolimont is surrounded with sporting venues such as the MCG, Rod Laver Arena, Olympic
and AAMI Parks which are the major components of this investment as this is the main generating
source of clientele for the Mantra Group.
Lease includes a 25 year term expiring in 2039 with reasonable outgoings, a solid rental income of $1626.67 per month with a room revenue income increase for all owners each September incorporated into the lease.
Fully furnished and refurbished just recently, this apartment offers a light filled south easterly aspect
and the building itself offers the luxuries of a heated swimming pool, spa and gymnasium along with a
sports bar and restaurant.
An attractive 8% gross return and this will increase further over the terms of the lease.
Jolimont is just a minute out of the city edge and you can also use this apartment if you want to stay
yourself as a partner of the Mantra Group with discounts available at all Mantra venues around the
country and overseas.
Absolutely perfect for self funded retirees super fund and investors alike, good capital growth expected given
the exciting location making this a great little investment all round!
INSPECT AS ADVERTISED. CONTACT AGENT FOR FURTHER INFORMATION.
CONTACT 0422 060 234 / 0434 183 780.