Looking for a secure long term investment without having to pay body corporate fees?

Well you’ll be surprised how much this apartment may suit your investment requirements as there is a lot on offer.

Look no further than this impressive 73 sqm plus 6 sqm Balcony 2 bedroom 2 bathroom apartment offering the astute investor 15 years of tenancy security through corporate administrator The Stockland Group and hotel ‘Mantra on the Park’ in upmarket Exhibition Street right opposite Exhibition Gardens (cnr La Trobe Street).

Featuring a vigorously maintained 4 and a half star rating, this fully furnished air conditioned apartment is situated on the 9th level and is superbly spacious consisting of a 6 sqm balcony, stunning views of Melbourne’s city skyline and skyscrapers.

About the lease and the money you receive – Current rental return $1540 pcm. Leased on a commercial 25 year 10 X 5 X 5 X 5 lease, with absolutely positively no body corporate fees at all (council and water rates are payable by owner however which are approx. $1500 pa)

A rent review every five years with one just passed in October 2010, plus a guaranteed 3% annual increase on 1st October of each year! That’s a 45% income increase over the next 15 years guaranteed plus 2 more rent reviews which are almost certain to increase!! The population growth will take care of that!