406/133 Jolimont Road East Melbourne, VIC 3002

Positioned in the heart of Melbourne's iconic sporting precinct, this one-bedroom serviced apartment presents a compelling opportunity for the astute investor seeking strong income returns.

Located on Level 4 and enjoying a southerly aspect, this 47 sqm apartment forms part of the well-regarded Mantra on Jolimont serviced apartment hotel. The apartment is fully climate-controlled and double-glazed, featuring a generously sized bedroom, a separate lounge and kitchen area with ample storage, and a bright tiled bathroom with quality fittings throughout.

Residents and guests enjoy access to excellent on-site facilities including a heated swimming pool, spa, fully equipped gymnasium, and restaurant.

The property is currently leased to the Mantra Group, providing a secure and hands-off investment structure.

This property is strictly for investment purposes and is not available for owner-occupation.

Investment Details Approximate:
Rent: $19,333 per annum
(or a share of room revenue per lease year - whichever is greater)

Return:

• 6% Gross
• 4% Net
• Lease Expiry: 2029
• Options: 2, 5-year lease options

Outgoings per year:

• Owners Corporation Fees: $2,701
• Water Rates: $1,140
• Council Rates: $1,093

Inspections are available by private appointment. For further information or to discuss your investment options, please contact Zek on 0411 577 970

Although every care has been taken in the preparation of this information, it is provided as a guide only and does not constitute a representation by the Vendor or Agent.