Situated on the 10th level of the very popular Unilodge on Flinders, this 28sqm studio apartment is absolutely perfectly suited for the astute investor offering a long term lease and a magic 7.8% net return with an income of approximately $12,000pa ( last financial year ) No body corporate fees, council rates, water rates or outgoings payable by investors. Current rental income is on target for a whopping 8.5%+ net return ($7633 last 7 months and continually increasing all the time!!!)

With the Melbourne City CBD rental market demand going totally through the roof and rental costs expected to increase to something within the vicinity of 50% over the next 4 years, it’s not an unrealistic prediction that this particular property’s return could quite easily increase to and possibly even exceed 12%!!

Fully furnished, this little beauty is also available for owner occupation as well, so if you wanted to occupy it as a city pad or for the kids to go to Uni, not a problem!

Location is fantastic too! Right opposite Flinders Street Station and Federation Square.

In addition to this, just a few steps from the front door is the rattle of the Swanston Street and Flinders Street tram located right on your doorstep. Just 5 minutes by tram to Melbourne Uni and walking distance to RMIT and Collins Street Business District.

Bluestone sidewalk cafes, bars and restaurants in the Flinders Lane and Degraves Street precinct take you back into the old world art deco charm with that unique contemporary influence that can only be found in Melbourne.

Ring Sunny Lu on 0422 060 234 to inspect this totally workaholic cash-making machine of an investment property!!

Currently on a secure 12 year lease with another 12 year term available in 2010. Ideal for investors who wish to negatively or positively gear (depreciation schedule available).

Potential purchasers please note that if you intend to occupy the property, formal notice to the corporate administrator, Pacific East Coast, is required and vacant possession can more than likely be arranged. Please refer to agent for further information.