24/101 George Street, East Melbourne VIC 3002

Light filled top floor studio apartment in leafy George Street with bedroom/living area, kitchenette & bathroom. Reverse Cycle Heating/Cooling.

With this very affordable and hassle free ‘set and forget’ investment you don’t need to worry about finding tenants or missing out on rental income in between leases, courtesy of the Secure long term lease to Knightsbridge Serviced Apartments until May 2035 (current 5 year term expires 4th May 2020, plus the tenant has a further 3 x 5 year lease options).

Current Rental is $1,087.54 per month, with automatic CPI rental increases annually in May, and market reviews between 5 year terms.

Minimal Outoings payable by owner:
-Owners Corp Sinking Fund only $300pa
-Water rates approx $850pa
-Council rates $730pa
-Tenant Pays general maintenance, water consumption costs and owners corporation admin fund fees.

In these days of very low interest rates this apartment in one of East Melbourne's most highly sought after building makes a lot of sense for any astute investor or self managed super fund.

Superbly located in quiet street yet so close to the MCG, hospitals, parklands, bridge road and the CBD.

Inspection by private appointment