101/188 Peel Street, North Melbourne VIC 3051

An inner city investment opportunity presents itself with this 1st floor, studio apartment with own private courtyard.
With existing tenant, City Edge North Melbourne in a 5 year lease, which commenced on the 23rd July 2018. Also another two (2) further 5 year options that sit with the tenant. The rent is currently placed at $1254.34 per calendar month, or $289.46 per week with a CPI increases annually. Featuring fully functional kitchen with electric cooktop, range hood, sink and pantry. Own private Bathroom. Heating & cooling split system unit. Complex also features secure entrance, lift access, common lounge area, outdoor courtyard & laundry facilities.

This apartment has to be either used as a serviced apartment under the CITY EDGE North Melbourne banner, or leased as student accommodation, or you could have a child move in who is currently enrolled in school or tertiary education.

The Outgoings for the apartment are approximately:

Body Corp is $2,490pa
Council Rates - $311pa
Water is $666pa
RENT $289.46 pw