112/11-17 Cohen Place, Melbourne VIC 3000

Investors this one is for you! With a rental income of $20,078 per annum, this apartment represents a great return, with guaranteed rental increases. This is an excellent opportunity if you are looking to add to your portfolio with a long term secured lease and minimal outgoings. There are no general maintenance costs, body corporate fees and council or water rates, perfect for the astute investor.

Features Include:

- Fully furnished
- Prime inner-city location
- Stylishly appointed bathroom with bath and laundry
- Security building with intercom & lift access
- A new 5 year term will commence this November
- Lease extensions are automatically renewed
- Conference room, resort style lap pool and gym
- Only expense is Capital Sinking Fund which is approx. $980 P/A

Punt Hill Apartment Hotel is located in the heart of historic Chinatown, an ideal address for tourists to experience some of the best culture and entertainment that Melbourne has to offer.

Property Code: 2559