OPEN FOR INSPECTION: SATURDAY 29TH MAY 12:00PM – 12:30PM

Yes this is one cow definitely worth milking!!

Positioned up on the 6th level of the popular ‘Harbour View Apartments’ in La Trobe Street is this small but significant 30 sqm 1 bedroom apartment which also features a balcony.

Fully furnished with a simple floor plan, this little gem is securely leased to Harbour View Suites until 2021 and is generating an excellent annual rental income of $10,524 equating into a rock solid 6.3% return (gross) and a 5.5% return (net). Moooooo!!

Outgoings: Owners Corp $345 pq ($1380 pa) Council $326 pa and water approx. $400 pa. Total outgoings: Approx. $2098 pa.

Annual rental income increase of approximately 3% in January 2010 and is CPI indexed. Mooooo!!

Close to Docklands, tram right on your door step going all four directions, close to William Angliss University (right next door!) Melbourne Uni and RMIT. Close to the legal precinct in Lonsdale Street and of course, if you’re a footy fan, at the end of the lease, it could be a great little weekender where you can just stroll across to Edi Had Stadium and watch your favorite team! Moooooo!!

Vacant possession at the conclusion of the current 2016 lease is available with notice to the current tenant prior to the current lease expiring.

Great opportunity for the clever investor as this apartment will certainly appreciate well, especially with the way the market is here in the city at the moment where demand for these types of properties is becoming stronger and stronger – Imagine what it will be worth in 3 or 4 years from now!! Mooooooo!!!!!

Contact CRAIG McINTOSH 0431 948 256 (craig@profesionalscity.com.au) SUNNY LU 0422 060 234 (sunny@professionalscity.com.au) or STEPHEN SHEN 0434 775 740 for further details.

PROFESSIONALS CITY RESIDENTIAL RUSSELL STREET OFFICE – 9663 9700.

Visit our websites: www.professionalscity.com.au & www.professionals.com.au