One Bendroom Studio Apartment with Lease

Perfectly positioned, this one-bedroom apartment offers exceptional convenience with easy access to Queen Victoria Market, the Royal Children's Hospital, Melbourne Hospital, Melbourne University, and the CBD-all within a short stroll. The building is well-appointed, featuring a recreation/meeting room and a 24-hour laundry, making it an ideal "walk-to-everything" location.

Currently tenanted at $400 per week with a secure lease in place until 14 January 2027, this property presents a strong investment opportunity. The rental return is highly attractive, offering an approximate yield of 9.5%, with potential for even higher returns if utilised for short-term accommodation (STCA). Owners Corporation fees are approximately $600 per annum.

Features include:

Tram stops 57 & 59 nearby
Stainless steel appliances
Security intercom
Split system heating and cooling
Local shops and cafés just around the corner

Inspection by appointment.