402/12-16 Kavanagh Street Southbank, VIC 3006

Looking for a secure and positive cash flow investment to add to your portfolio?
Complete with a long term lease until 2026, return of over 6%, guaranteed annual rent increase of 3% and a secure and trusted tenant you quest stops here. This lucrative investment opportunity is packaged together in a spacious one bedroom apartment with large double bedroom, built in robe, modern bathroom with European laundry, spacious kitchen, open plan living and dining leading out to the east facing balcony.

Current Rent - $1372.46 per calendar month/$16469.52 per annum
Estimated return 6.6% (calculated at purchase price of $250,000.00)

With annual rental increases of 3% the rental return will continue to grow.
See estimated returns below:
2015 - 6.8%
2016 - 7%
2017 - 7.2%
2018 - 7.4%
2019 - 7.6%

**DISCLAIMER**
Please note, all calculations/estimates/information shown are derived from information provided to Ray White Southbank by the vendor. All prospective buyers are encouraged and advised to make their own enquiries and calculations. Please contact us for more details regarding this property.