8 Mount Street, City Centre
- This location has been autonomously mapped, it may not be exact.
8 Mount Street, City Centre
SOLD
Over $42,000+ GST P.A - Income for Investors!
Attention, astute investors! This is your chance to acquire a remarkable investment property at 10C/8 Mount Street with similarities to a commercial space. What sets this opportunity apart is the presence of a reliable core tenant (AUT), ensuring a guaranteed net rental income that extends until 2025, with a right of renewal until 2034.
Unit 1003, a spacious apartment, offering an impressive configuration with 5 bedrooms and 2 bathrooms. Its internal area spans approximately 100sqm, providing ample space. The financial benefits are equally enticing, as AUT currently pays a generous rent of approx $42,962.40 + GST per year.
The best part? AUT takes care of all operational costs associated with the property, including Body Corp fees, insurance, land rates and apartment maintenance. You can rest assured that your investment will be hassle-free.
Please note that there will be a nominal 5% property management fee, alongside a long-term maintenance fee of approx. $1,100 per year. These fees contribute to the seamless operation and upkeep of the complex, ensuring that it remains in top condition.
It is important to highlight that this opportunity is exclusively available to investors (overseas investors too!), as the property cannot be owner occupied. This property has the potential to generate attractive returns and diversify your investment portfolio.
Please be aware that the advertised price is + GST if any, and prospective purchasers must be registered for GST for this transaction.
Contact us now to discuss further and secure your place in this lucrative venture.
Come and see 10C/8 Mount Street!
Note: The photos used are of a similar unit in the same complex; however, please note that the furniture, outlook, and finishes may vary. For more specific details, please refer to the chattels list.
Facts & Features
Title Type
Freehold
Rental Appraisal
$1250-$1600 /week
Eli Smith
Alastair Kain
Disclaimer: Apartment Specialist are often asked to give information as to the area or dimensions of properties, including rooms, decks and patios. Apartment Specialists sources such information from third party sources (for example Council records, building management records) and passes this on; unfortunately it is not uncommon for such information to be inaccurate. If exact and accurate sizes or dimensions is an important factor in your decision then you as Purchaser must make your own independent enquiry from your own chosen expert (for example a registered valuer).
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