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Centrally located and within walking distance of the CBD, Queen Victoria Markets, and prominent Universities, this studio apartment is an affordable investment with excellent return for any buyer.
Currently offers ongoing rental return of $14,856.08 per annum under a 15 year lease agreement (comprising 3x 5 year terms) with City Edge North Melbourne ensuring future returns for the savvy investor. The lease agreements are subject to an annual CPI increase and market review at the end of each 5 year term, and lease extensions are also offered well in advance.
An inviting and contemporary studio apartment, it comprises a multi-purpose bedroom/living room, a bathroom, kitchenette, and balcony with city views.
Building features include a resident manager, guest laundry, luggage storage, security entry/foyer, CCTV security, tour desk, conference room, courtyard, bicycle storage, and WiFi. This location has huge appeal for guests, as they are placed a short walk from the Queen Vic Markets, and public transport offers quick access to the CBD.
Please note that this is student-only accommodation, with the exception of short-stay tenants staying with City Edge North Melbourne.
This is a fabulous opportunity to diversify your investment portfolio, call now for more information!
** Please observe current social distancing guidelines if attending an inspection. We ask that you use the hand sanitiser provided, and refrain from touching anything inside the property unless necessary. If you are experiencing any of the known symptoms of COVID-19, or have recently had contact with any confirmed cases, we ask that you refrain from attending any inspections without contacting the sales agent first.
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