Description:

What makes this the perfect investment property?Rent: $375 per week GUARANTEED (+ CPI increase per annum)Rental Return: 8.8% (approx.)Current Lease: 30/04/2019 (with 5 + 5 year options available)Body Corporate Fees: $650 per quarter (approx.)Council Rates: $178 per quarter (approx.)Water Rates: $220 per quarter (approx.)Internal Size: 21.5 SQM (approx.)What this property has to offer: Gym Residents Lounge Rooftop BBQ Area Golf Driving Range Bike Storage 24-Hour ConciergeThe location is within walking distance to: Melbourne Central Hoyts Cinema State Library of Victoria China Town Melbourne Cafes and Restaurants Queen Victoria Market (with Winter and Summer Night Markets) Woolworths - Southern Cross Station, QV, Bourke Street ColesSpencer Street, Melbourne CentralMEDIAN HOUSE OR UNIT PRICE FOR THE SUBURB: $338,000INDICATIVE SELLING PRICE: $220,000 - $225,000COMPARABLE SALE 1 : 902/181 A'Beckett Street, Melbourne. SOLD $213,000- 17/01/2017- 1 Bed, 1 Bath. COMPARABLE SALE 2: 905/181 A'Beckett Street, Melbourne. SOLD $215,000- 30/09/2017- 1 Bed, 1 Bath. COMPARABLE SALE 3: 1206/181 A'Beckett Street, Melbourne. SOLD $230,000- 19/08/2016- 1 Bed, 1 Bath.