This affordable studio apartment purposely built for students is located only minutes walk from Melbourne University and RMIT. With the existing tenant due to move out in January 2010 this is an opportunity to purchase and beat the drag of paying rent. This secure apartment block in small complex of only 6 floors offers an ideal environment for students to study and work close to their home. For investors it offers an ongoing rental return of $11,988 p.a. with low outgoings of under $2,000 p.a. this is a no brainer. Nestled in quiet location with parks in close proximity this will sell quickly.