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Melbourne, 43/43 Lonsdale Street

7.76% Gross Return Leased till 2027 with 10 year option

Sold for $264,500

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Listing Number: VCE8635
About this listing
Returning a staggering $21,721 a year, this 2 bedroom hotel suite situated at the Paris End of town is an ideal opportunity for the prudent investor. With a secure lease till 2027 (with a further ten year option) there's nothing to do but sit back and collect on Melbourne's passion for the theatres and dining that only the top end of town can offer!

Rent Income $21,721.56 pa

OC Maint levy $ 656.00 pa - Paid by owner
Council Rates $1,059.00 pa - Paid by owner
FF & E $ 880.00+cpi pa - Paid by owner

Water Rates $1,047.00 pa - Paid by Quest
OC Admin $ 884.00 pa - Paid by Quest

(all fees are approx. based from the contract supplied please review to your own satisfaction prior to purchase )

A seven storey former office building built in two stages in 1966 and 1979. Refurbished, subdivided and converted to serviced apartments in 1997. Quest on Lonsdale is perfectly positioned for visitors to the Melbourne market.

To view the statement of information visit: https://melbournecity.harcourts.com.au/Home/Buy/statement-of-information

Harcourts Melbourne City suggests that all buyers read the due diligence checklist available on our website:
https://melbournecity.harcourts.com.au/Home/Buy/Due-diligence-checklist

Please find a full copy of our privacy policy on our website: https://melbournecity.harcourts.com.au/Home/Contact-Us/Privacy-Policy
Property Information
  • Floor Area: 53 sqm
  • Approx year built: 1997
  • Property Type: Apartment

Contact Details

Harcourts Melbourne City

107/517 Flinders Lane
MELBOURNE
Office website

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