Best location in Melbourne C.B.D

SOLD

For investors with vision

This investment only property is leased to the Punthill Apartment Hotel on a long optional lease term, till 2032.
$1051.14 per pcm. - $12,613 rental income a year.
Outgoing paid by the owner - $1034.60 per year

New lifts and general renovation is done and paid!! by the vendors to upgrade the building.

Best location in the Melbourne C.B.D, perfect for long terms investors.
With a secure lease in place meaning 100% occupancy, this serviced apartment is an absolute bargain when compared to similar sized properties. With a generous floor plan incorporating substantial kitchen space, living and a separated bedroom this large studio/apartment offers period charm in a top locale.
Together with the current lease being in place, the property has a rental return of $1051 pcm ,(Rent adjustment method C.P.I) with the tenant paying a large part of the owners corporation fees, charges and levies, town rates and water rates. Perfect for investors looking for an entry-level investment with possible deductions or as a set and forget long-term leased property.