All the key ingredients of smart property investing combine here to create an excellent opportunity for the first home owner or astute investor alike.

A fantastic, larger than usual one bedroom 2nd floor apartment located in a sensational position between Chapel Street and St Kilda Road. With tram and train access and the Carlisle Street shopping strip literally a walk away, and the Beach, Acland Street & St Kilda Botanical Gardens just around the corner, this apartment offers fantastic buying in a location second to none.

The apartment itself is on the top floor (2nd level) and features entrance hallway with storage, separate bathroom with shower over bath and laundry facilities, separate refurbished kitchen with gas cooking appliances, over sized living area with room for a dining table, good sized bedroom with built in robes and off street parking.

Currently leased at $1,130 per calendar month on fixed term lease till July 2011.

Outgoings are: Body corporate – $321 per quarter, Council rates – $523 per year.