1013/8 Dorcas Street

A spacious one bedroom apartment with balcony, underground car park on title, modern kitchen, internal laundry, split system air conditioning and onsite gym access. The building location is superb and is a short walk away from The Shrine of Remembrance, Royal Botanic Gardens, Albert Park Lake, South Melbourne Market, Melbourne Arts Centre, Flinders Street Station and Federation Square this apartment won't last long. Lease details: Current rent: $25,994 per annum, $499 per week Return gross: 6.84% Gross Net: 6.01% Lease term to March 2029 with 5 x 5 year options and annual 4% rent increases. Increase as follows: March 2027 + 4% - $27,033 pa 7.11% March 2028 + 4% - $28,115 pa 7.39% Approximate outgoings (as per lease): Council Rates: $1,605 pa Water Rates: $704 pa Owners Corporation Sinking Fund: $833 pa For more information please phone Mandy Fountain on 0408 10 30 10. Disclaimer. The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.