A rare opportunity to purchase a CBD apartment returning a net $24,576 per year approx with annual adjustments to C.P.I. and market review start of each term. Outgoings paid by tenant, not owner.

Securely leased to Breakfree Hotel group until 2012, with the tenant having the option of renewing for a further three terms of 5 years each thereafter.

The apartment itself is over two levels comprising 2 bedrooms, central bathroom and living/kitchen area. Air conditioned, beautifully presented and maintained. Unbelievable CBD Location, across from old GPO, next door to Myer.

If you are seeking regular monthly income at better then current bank rates, this is a must for your portfolio.

Note: Auction will be held at our Hardware Lane office.