1201/131 Pelham St, Carlton VIC 3053

Amazing secure investment opportunity with a 9.7% gross return. The current rental return on this property is $371 per week which equates to a massive $19,292 per year. Together with negligible outgoings this is a brilliant cash flow positive investment.

Ideally located on the corner of Swanston & Pelham Street, Carlton and within walking distance to Melbourne Universities, RMIT & City Centre, Parks, City Baths, Victoria Market & Lygon st Entertainment Strip of Cafes, Restaurants and Shops.

A cleverly combined living/dining area extends to a partitioned bedroom space with an urban backdrop from a sunlit window. An intimate balcony setting provides the perfect platform to appreciate the beautiful city surrounds. A sleek and stylish stone kitchen is equipped with stainless steel gas appliances and a neutral colour palette. Additional highlights include a pristine bathroom, built-in wardrobe, colourful scheme and air conditioning. It represents a ready made opportunity for those seeking an investment property with high rental returns and increasing demand.