In a sought-after location and with a secure long-term lease in place, this smart and stylish 1-bedroom apartment is an astute investment with guaranteed returns. Just steps to Melbourne’s premier arts precinct and a short stroll to the CBD and riverside restaurants, it includes reverse-cycle A/C.

Accommodation: Adorned with a red feature wall, the open-plan living space steps out to a sheltered balcony overlooking the street, while the kitchen area is fitted with a stone benchtop, gas appliances and a dishwasher. With a wall of built-in robes in the double bedroom, the bathroom has a stone bench, shower-over-bath and laundry facilities.

Features: Reverse-cycle heating and cooling in the living area, laundry facilities in the bathroom, video intercom entry, communal use of the well-equipped gym and sauna.