Tempting returns of 10% in highly sought after locale

An excellent chance for the savvy investor, this contemporary approx 40 sqm 1-bedroom twin share apartment enjoys a central location within a city backdrop. It is ideally positioned opposite transport and overlooking the Melbourne University campus, within an easy stroll of RMIT University, Queen Victoria Markets and trendy Lygon Street eateries and cafes. With a staggering return of $22,896 per year this is a brilliant 10% return on investment. This together with almost 100% occupancy make this the perfect set and forget investment opportunity.

A clever use of space and contemporary design the interiors feature an open plan living/dining and a separate area with two study enclaves and an in-built book shelf. There is a galley style kitchen with well-maintained appliances, double bedroom with personal storage and a spacious bathroom boasting modern fixtures and fittings. Additional features include heating, ceiling fans, a security entrance, lift access, 7 day reception and practical furnishings.

The facilities include a swimming pool, full gymnasium, barbeque area, tutorial rooms, share laundry and well maintained communal spaces. This apartment is the perfect prospect for parents wanting to secure accommodation for their children or for those wanting immediate returns in a high growth market.

Click here for the Consumer Affairs Victoria Due Diligence Checklist for Home Buyers

Features

airconditioning
Close to Schools
Close to Shops
Close to Transport

Agent Details

Nick Richards

Director

P. 03 9741 9666

M. 0404 099 310

Make an Enquiry