Located in the middle of Melbourne and close to all major attractions this stylish , modern studio offers a robust return for years to come. Leased to the City Tempo Hotel this larger than average serviced apartment has a long term lease with a staggering return of $21,053 per year or 8.42% per year. The great return is guaranteed for at least another three years and includes 2% yearly increases.
This apartment really appeals to savvy investor or SMSF buyers as it has a stable return and low outgoings. Perfect as a set and forget investment this apartment has a modern fit out and a fully featured kitchen and bathroom. Coming fully furnished the apartment has a sun filled northerly aspect facing A’beckett St which means you won’t get built out.
For astute investors this apartment is available for inspection, contract available on request. Don’t miss out on this great investment opportunity.