{"address":"48 Wellington Parade, East Melbourne VIC, Australia","lat":"-37.8165941","lng":"144.9886142"}

G8/48 Wellington Parade, East Melbourne VIC 3002

$260,000

Cash flow positive investment return

With a robust return and a steady tenancy this apartment is sure to be the perfect investment for buyers looking at a set and forget style property. With a current return of $16,990 per year on a 4×5 year lease ending 2042 lease this apartment is a cash flow positive investment.

Located on the fringe of East Melbourne only minutes to Bridge Road Richmond, this apartment is the a masterpiece of Art Deco design with a modern touch. With a sort after locale directly opposite the MCG and public transport heading towards the CBD only minutes away this is surely a blue chip investment.

Heritage Charm extenuates through this coveted low rise building, with a an amazing roof top deck with panoramic views of surrounding area. A taste of the old with a modern touch 48 Wellington parade is a rarity situated on the corner of Garden Ave, a culdersac lined with simillat Art Deco buildings.

Beneath high ceilings with downlights at the heart of the apartment is a large living and dining area, offering a urban private hideaway. The functional floorplan incorporates an immaculate kitchen with premium stainless steel fixtures including an oven, cooktop and dishwasher. The open plan design incorates two separate bed areas.

 

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Agents

Nick Richards
0404 099 310

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