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508/188 Peel Street, North Melbourne

**FOR OPTIONS CURRENTLY AVAILABLE TO VIEW THE INSIDE OF THIS PROPERTY PLEASE CONTACT RYAN PAGAN ON 0438 757 358

1 Bed | 1 Bath
An inner city investment opportunity presents itself with this 5th floor, studio apartment with excellent city views. On Offer is one of the larger floorplans within the complex.
This property is Investment ONLY. You have an option to either lease the property as a serviced apartment under the CITY EDGE North Melbourne Banner, or you can chose to lease the apartment as student accommodation only. Or you could have a child move in who is currently enrolled in school or tertiary education program. This apartment can NOT be owner occupied

With existing tenant, City Edge North Melbourne in a 5 year lease, which commenced on the 23rd July 2018. Also another two (2) further 5 year options that sit with the tenant.
The rent is currently placed at $1254.34 per calendar month, or $289.46 per week with a CPI increases annually.
Featuring fully functional kitchen with electric cooktop, range hood, sink and pantry. Own private Bathroom. Heating & cooling split system unit.
Complex also features secure entrance, lift access, common lounge area, outdoor courtyard & laundry facilities

This apartment has to be either used as a serviced apartment under the CITY EDGE North Melbourne banner, or leased as student accommodation, or you could have a child move in who is currently enrolled in school or tertiary education.

The Outgoings for the apartment are approximately:

Body Corp is $2,500pa
Council Rates - $320pa
Water is $666pa
RENT $289.46 pw

*** COVID-19 Announcement ***
Our office is committed to ensuring the safety of our staff and the general public, and in line with current government guidelines, we are NOT conducting open for inspections. If you have arranged a private viewing, you will be subject to strict criteria and guidelines upon attendance, including but not limited to:
- Displaying no symptoms of any kind
- Not touching any surface or hands being placed in pockets at all times
- Providing photo-ID upon entry
- Maintaining a distance of 2m from any staff member in attendance
-No children in attendance at viewings
- Lift usage restrictions
FAILURE TO COMPLY WITH ANY VERBAL INSTRUCTION BY A STAFF MEMBER WILL RESULT IN TERMINATION OF ANY PRIVATE VIEWING.

1 Bed | 1 Bath

**FOR OPTIONS CURRENTLY AVAILABLE TO VIEW THE INSIDE OF THIS PROPERTY PLEASE CONTACT RYAN PAGAN ON 0438 757 358

An inner city investment opportunity presents itself with this 5th floor, studio apartment with excellent city views. On Offer is one of the larger floorplans within the complex.
This property is Investment ONLY. You have an option to either lease the property as a serviced apartment under the CITY EDGE North Melbourne Banner, or you can chose to lease the apartment as student accommodation only. Or you could have a child move in who is currently enrolled in school or tertiary education program. This apartment can NOT be owner occupied

With existing tenant, City Edge North Melbourne in a 5 year lease, which commenced on the 23rd July 2018. Also another two (2) further 5 year options that sit with the tenant.
The rent is currently placed at $1254.34 per calendar month, or $289.46 per week with a CPI increases annually.
Featuring fully functional kitchen with electric cooktop, range hood, sink and pantry. Own private Bathroom. Heating & cooling split system unit.
Complex also features secure entrance, lift access, common lounge area, outdoor courtyard & laundry facilities

This apartment has to be either used as a serviced apartment under the CITY EDGE North Melbourne banner, or leased as student accommodation, or you could have a child move in who is currently enrolled in school or tertiary education.

The Outgoings for the apartment are approximately:

Body Corp is $2,500pa
Council Rates - $320pa
Water is $666pa
RENT $289.46 pw

*** COVID-19 Announcement ***
Our office is committed to ensuring the safety of our staff and the general public, and in line with current government guidelines, we are NOT conducting open for inspections. If you have arranged a private viewing, you will be subject to strict criteria and guidelines upon attendance, including but not limited to:
- Displaying no symptoms of any kind
- Not touching any surface or hands being placed in pockets at all times
- Providing photo-ID upon entry
- Maintaining a distance of 2m from any staff member in attendance
-No children in attendance at viewings
- Lift usage restrictions
FAILURE TO COMPLY WITH ANY VERBAL INSTRUCTION BY A STAFF MEMBER WILL RESULT IN TERMINATION OF ANY PRIVATE VIEWING.

Location

508/188 Peel Street, North Melbourne

By Negotiation

$170,000 - $185,000

Property Type

Apartment

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