G8/48 Wellington Parade, East Melbourne
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.
0404 099 310