135 Inkerman Street, St Kilda

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St Kilda’s Highest Returning Investment

Located in the iconic ALDI development, designed by renowned architect Bruce Henderson, this luxurious, 62sqm apartment including a north-facing balcony is receiving substantial cash flow, resulting in a net positive position of all holding costs.

Currently leased to Adara Apartments, it is receiving an income of around $440 per week ($1902 per calendar month) from the second you take over ownership, providing a return of over 6.5%.

This is truly a great opportunity to secure an investment apartment like no other.

Investment Benefits
- Current lease period until 2022, with 2 further 5 year options. This potentially means no vacancy rates for the next 15 years!

- There are no agency property management fees as everything is internal with Adara Apartments.

- When the lease is over, the apartment will increase in value as it will be attractive to a much broader market (owner occupiers)

- Every year the rental figure is reviewed and increases approx. 3%

Property Type Apartment

Price Asking Price $340,000

Statement of Information

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Agent Details

Peter Fein Real Estate Agent

Peter Fein

M:0418 244 444

E: inspections.ire@wilsonagents.com.au

Travis Fein Real Estate Agent

Travis Fein

M:0411873732

E: tfein@wilsonagents.com.au

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