Business as Usual during Holiday- Property Inspections Available
Own an excellent investment property and be a part of the growing community in Melbourne CBD that provides investors with exceptional returns with minimal vacancy as well as good capital growth.
This apartment measuring up at approximately 41 sqm, is located on the 6th level in the north-east corner of the building and is fully furnished and includes all the essentials of a modern apartment such as a modern kitchen, formal bathroom, heating/ cooling system and both bedrooms are complete with built in robes.
Calculating a solid rental return of $20,532 pa with a whopping 7.3% return and outgoings are just under $4000 pa so it’s absolutely perfect for negative gearing.
Situated in an exciting, jam-packed and very fast-paced location at the top end of town in beautiful tree-lined Lonsdale Street (between Exhibition and Spring) right in the middle of Melbourne’s theatre precinct with Her Majesty’s and the Princess Theatre, all the fancy multicultural restaurants, cafes, side-alley bars, the famous Bennett’s Lane Jazz Bar off Little Lonsdale, RMIT University, State Library, China Town, convenience stores, shopping centres and public transportation are all within immediate walking distance.
Building features include a games room, hi-tech security with security swipe access and intercom, laundry facilities and supermarket on ground floor.
Currently leased until 21st December 2010 with vacant possession available so you can move in if you want.
What a great little city pad and you don’t have to be a student to live there either so you get the best of worlds.
INSPECT BY APPOINTMENT ONLY. CONTACT AGENT FOR APPOINTMENTS.