North Melbourne

CITY FRINGE INVESTMENT OPPORTUNITY

A fantastic opportunity to purchase a city fringe investment. Current return of $290 per week or $15,100 per annum until January 2020.
Situated in a perfect location, being walking distance to the CBD, Universities, Hospitals, Popular Shopping Strips, Restaurants and Cafes with tram stop directly at your door. This studio apartment represents great value with an inner city location.

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.
Building features:
-Elevator, Resident manager, Guest laundry (coin operated), Luggage storage, Security entry/foyer, CCTV security, Tour desk, Conference room, Bicycle dedicated storage, WiFi,

The Outgoings & Return for the apartment are approximately:
Body Corp is $2,012pa
Council Rates - $374pa
Water is $666pa
RENT $280 pw