1132/572 St Kilda Road, Melbourne VIC 3004

Investors, this one is for you!
With a guaranteed rental income of $19,240 PA plus CPI increases, this apartment represents long term yield stability.
Including a carpark on title, this is an excellent opportunity to add to your portfolio in the sought-after St Kilda Road precinct.

Securely leased to the renowned hotel operator, Seasons Heritage Melbourne, this well maintained apartment with view of Albert Park Lake and Port Phillip Bay, is currently on a five year lease with two further options of five years each.
Successful purchaser will also be entitled to stay at the hotel for up to 21 days a year.

Well located along the commercial hub of St Kilda Rd, the apartment features proper one bedroom, balcony with scenic views, quality fitting and fixtures, modern bathroom, heating and cooling and fully equipped laundry facilities.
Public transport is at the door, providing exceptional access to the city and St Kilda Beach, Wesley College, the Formula One Grand Prix track, Albert Park Lake/golf course and the Chapel Street entertainment precinct.

If you are a savvy investor looking for consistent return well above the long term cash rate, this strategically located apartment will prove a valuable asset.