Commercial Property - Victoria - MELBOURNE

Commercial Property - Victoria - MELBOURNE Property ID 5452675

Investment as Safe as Houses. Secure Cashflow, Capital Growth Potential and Immediate Sell Down Upside

Ideally located within the Central Melbourne CBD, the Mantra on Little Bourke offers 4.5 star fully furnished serviced apartments. Recently refurbished, each floor contains 15 individually strata titled apartments with fully kitchen and bathroom facilities.

This solid Melbourne CBD investment offers the following key benefits:

- 15 year lease to Mantra qith 5 years remaining and 3 further 5 year options
- Current rental of $767,682 per annum (approx.)
- Tenant pays all outgoings and contributes to Reserve Replacement Fund
- Potential to immediately sell down individual apartments

Expressions of Interest closing 3pm Wednesday 5th November 2008.

For further information please contact Damien Steele on 0415 188 543 or Lachlan Thompson on 0411 611 652

 

Jones Lang LaSalle - Investment Sales / Capital Markets

Level 21, Bourke Place, 600 Bourke Street
MELBOURNE 3000
Phone Agent

Listing Summary

Address Levels 1, 2 & 7, Mantra on Little Bourke, 471 Little Bourke Street MELBOURNE VIC, 3000
Categories
  • Hotel/Leisure
  • Offices
Contract Type For Sale
Sale Type For Sale - Expression of Interest
Floor Area 2910.00sqm (approx)

Listing Location Map

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Number of Nearby Facilities

 
Doctor50+
Fast Food50+
Cafe50+
Hospital8
Park21
Chemist40
School/College10
Bank10
Police3
Restaurant50+